Both E*Trade and Fidelity have best-in-class features, educational resources, and trading tools, but if cost is your concern, then Fidelity is your best choice.  ( 24 min )

The tragedy of the commons is an economic problem where the individual consumes a resource at the expense of society.  ( 25 min )

We may not see a rate hike when the Federal Reserve has their next meeting, but it may just be a momentary reprieve.  ( 16 min )

A systematic investment plan involves putting a consistent sum of money into an investment on a regular basis to take advantage of dollar-cost averaging.  ( 21 min )

With a minimum deposit and a guaranteed return, certificates of deposit (CDs) can be a viable investment. See what Navy Federal CD rates have to offer.  ( 21 min )

Certificates of deposit (CDs) can be a great, conservative way to invest your money. Edward Jones is worth considering for its competitive CD rates at a variety of term lengths.  ( 21 min )

Shoppers in April faced fewer shipping delays, found fewer things out of stock, and had an easier time finding the things they need than the same month last year.  ( 16 min )

Wells Fargo offers two types of savings accounts, but the rates are low unless you carry a large balance.  ( 20 min )

Discover’s savings account doesn’t usually have the highest APY, but it’s easily accessible with no minimum deposit or monthly fee.  ( 18 min )

BMO Harris offers a relatively basic CD with special rates for certain terms. Learn about BMO Harris’ current CD rates and features to make an informed decision and grow your savings.  ( 18 min )

A secondary market is a market where investors purchase securities or assets from other investors, rather than from issuing companies themselves.  ( 24 min )

In the winter of 2021, Texas had days-long electricity blackouts due to power grid problems. What happened and how can they fix it going forward?  ( 21 min )

Enel Chile, Capital Power, and Cadiz lead for value, growth, and momentum, respectively.  ( 20 min )

Improve your financial advisory business by building a client base of people who share similar priorities, values, and long-term goals.  ( 22 min )

Cryptocurrency futures are futures contracts that allow investors to place bets on a cryptocurrency's future price without owning the cryptocurrency.  ( 25 min )

If you're self-employed, there are steps you can take to make yourself a more attractive loan candidate.  ( 26 min )

With Glencore PLC leading the pack, these are the 10 biggest mining companies by 12-month trailing revenue.  ( 21 min )

Daqo New Energy, Canadian Solar, and Tingo Group top the list of tech stocks based on best value, fastest growth, and most momentum, respectively.  ( 22 min )

Rates on 30-year mortgages are holding steady, after climbing an eighth of a point over the previous two days. But the 15-year and jumbo 30-year rate averages rose.  ( 19 min )

Applications were 30% lower than one year ago, as buyers adjust to a higher rate environment, according to the Mortgage Bankers Association.  ( 16 min )

U.S. equities were mixed at midday on Wednesday, June 7, 2023, as tech and communication stocks weighed on the major indexes.  ( 16 min )

The U.S. Securities and Exchange Commission has filed an emergency action to freeze the assets of crypto exchange Binance.US to protect its customers.  ( 17 min )

A 51% attack is an attack on a blockchain by a group of miners who control more than 50% of the network's mining hash rate, or computing power.  ( 22 min )

Securitization pools assets and repackages them into interest-bearing securities.  ( 23 min )

Stitch Fix beat estimates after implementing "tight cost controls," with more cost-cutting plans.  ( 16 min )

Dave & Buster's shares soared in early trading on Wednesday after reporting earnings and revenue records, with deals to add franchises in India and Australia.  ( 16 min )

A pro forma invoice is a preliminary bill of sale sent to buyers that provides details about a shipment of goods in advance of its delivery and the final invoice.  ( 24 min )

A retirement money market account is a money market account that is held by an individual within a retirement account such as an IRA. Learn more about how this type of account works.  ( 24 min )

A chartered accountant (CA) designation is a credential granted to accounting professionals in countries around the world outside of the United States.  ( 24 min )

Cathie Wood's Ark Invest increased its stake in Coinbase despite an SEC lawsuit against the crypto firm.  ( 16 min )

Disbursement is the act of paying out or disbursing money, which can include money paid out for a loan, to run a business, or as dividend payments.  ( 23 min )

With Novo Nordisk at the top of the list, these are the 10 biggest biotechnology companies by 12-month trailing revenue.  ( 20 min )

The DuPont analysis is a framework for analyzing fundamental performance popularized by the DuPont Corporation.  ( 30 min )

Changes in the prime rate don't directly impact rates that banks pay on certificates of deposit (CDs), but the two may both go up around the same time.  ( 23 min )

Credit score requirements for personal loans vary by lender, but borrowers with good or excellent credit typically have a better chance of qualifying for the best rates and terms.  ( 22 min )

A bank identification number (BIN) is the initial set of four to six numbers on a credit card that identifies the institution.  ( 23 min )

An account history is a record that keeps track of all activity within an account such as trades, purchases, and other transactions. Learn what's included.  ( 22 min )

Monetary policy involves decisions by central banks on issues such as interest rates. Fiscal policy typically is established legislatively and addresses issues such as tax rates and government spending.  ( 24 min )

A probability distribution is a statistical function that describes possible values and likelihoods that a random variable can take within a given range.  ( 22 min )

While inventory improved from a year earlier, the growth rate slowed for a third straight month.  ( 16 min )

Falling Chinese exports could point to a global slowdown and all Tesla Model 3s now qualify for the federal electric vehicle tax credit. Here’s what investors need to know today.  ( 18 min )

In an arm's length transaction, the buyer and seller act independently and have no relationship to each other.  ( 23 min )

Most Americans think common fees charged by banks are unfair, and support government efforts to reduce or eliminate them, according to a poll.  ( 18 min )

The Peter Principle theorizes that people in a firm will be promoted up to a point where they are no longer qualified, leaving a company full of incompetent employees.  ( 25 min )

The Polish zloty is the national currency of Poland, issued by Narodowy Bank Polski. Learn about the zloty’s exchange rate and history.  ( 23 min )

Here’s a look at what you should pay for financial advice and investment management, what you should get for that price, and how you can pay less.  ( 25 min )

Bracketed sell order is a short sell order that is accompanied by a conditional buy order above and a buy limit order below the initial sell order.  ( 18 min )

Amazon is reportedly planning an ad-supported tier for Prime Video, joining the ranks of Netflix and Disney amid a race to make streaming more profitable.  ( 8 min )

(Bloomberg) -- Billionaire Ray Dalio, founder of Bridgewater Associates, said the US is seeing stubbornly high inflation along with elevated real interest rates. Most Read from BloombergThese Are the World’s 20 Most Expensive Cities for Expats in 2023George Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailDam Destroyed in the Dead of Night Upstages Ukraine’s CounteroffensivePGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfTech Stocks Sputter as Traders Up Rate  ( 6 min )

Investors who stuck with growth names during last year's sell-off have been rewarded during 2023's rally.  ( 8 min )

Advanced Micro Devices, Inc (NASDAQ: AMD) stock is trading lower Wednesday on some profit-taking. The chipmaker continues to hog the limelight with positive vibes from the Bank of America 2023 Global Technology Conference management and analyst re-ratings. AMD disclosed its impressive and improving cloud footprint at the BoA event. Enterprise though currently weak, exuded promise in the foothold and progress. The chipmaker disclosed plans to reveal their AI strategy in an event next week, someth  ( 7 min )

Oil prices have come down quite a bit from their 2022 peak. While that has prompted some traders to bet against the commodity, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman has issued a stern warning for the short sellers. “I keep advising them that they will be ouching — they did ouch in April,” he said at the Qatar Economic Forum in May. And now OPEC+, which includes the Organization of the Petroleum Exporting Countries and its allies, has reached a deal to extend output cuts into  ( 9 min )

Merit Peak, an offshore trading company controlled by Binance CEO Changpeng Zhao, received around $11 billion of client assets through a Seychelles-based firm set up to take customer deposits, a U.S. Securities and Exchange Commission filing shows. The SEC filing, which on Tuesday asked a U.S. court to freeze Binance's U.S. assets, came a day after the SEC sued Binance, its billionaire CEO Zhao, and the operator of its U.S. affiliate exchange, for allegedly operating a "web of deception."  ( 7 min )

The outcome of Nikola’s bid to double the number of authorized shares in the company could determine its ability to survive. The post Critical vote count due in Nikola’s bid to stay in business appeared first on FreightWaves.  ( 8 min )

Just over half of Generation X born between 1965 and 1980 have little to nothing socked away for retirement.  ( 10 min )

For years, the wealthiest investors and institutions have enjoyed exclusive access to lucrative investment opportunities, leaving retail investors with limited choices. Hedge funds like William Harnisch's Peconic Partners and Michael Burry’s Scion Asset Management produced total returns of 191.5% and 159.79%, respectively, over the past three years. The minimum investment required to participate in funds like these often ranges from $500,000 to $1 million. Retail investors, on the other hand, ha  ( 7 min )

Apple should buy Disney as it looks to capture greater adoption of its Vision Pro headset, one media analyst says.  ( 9 min )

The conventional wisdom that value stocks are more vulnerable to an economic downturn is false, according to a new white paper from GMO.  ( 25 min )

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US stocks wavered Wednesday after an unexpected interest rate hike from Canada, a surprise drop in Chinese exports and economic headwinds flagged by the Paris-based Organization for Economic Cooperation and Development stoked fresh concerns about global growth.  ( 8 min )

US stocks wavered Wednesday during midday trading after Canada unexpectedly hiked interest rates, combined with a surprise drop in Chinese exports and economic headwinds flagged by the OECD stoked fresh concerns about global growth.  ( 8 min )

The government's qualifications are confusing. The best way to sort things out is to check the website fueleconomy.gov.  ( 22 min )

Shares of Visa and Mastercard fell Wednesday after the Journal reported that lawmakers plan to re-up proposed legislation that would give merchants the power to process many credi  ( 19 min )

Boeing was sued on Wednesday by a Colorado company that accused the aerospace giant of stealing trade secrets for NASA's Space Launch System rocket, and then building components with "critical" safety flaws that could endanger astronauts. Wilson Aerospace said it worked with Boeing for two years starting in 2014 after Boeing, fearing the loss of billions of dollars of NASA revenue, sought its help in safely attaching engines to the rocket. According to a complaint filed in Seattle federal court, Boeing then canceled Wilson's work on the project yet kept using its intellectual property without receiving "full instructions" on how to build and install it, creating safety risks.  ( 7 min )

Wednesday's announcement with Amazon brought welcome reprieve to Affirm shares which have been beaten down heavily as investors question how many companies will be winners in the buy-now-pay-later space as Apple gets involved.  ( 8 min )

The retailer is expected to benefit from a wave of major blockbuster videogame releases, which started with Hogwarts Legacy in early February and continued with Star Wars Jedi: Survivor in late April.  ( 25 min )

The software company beat first-quarter expectations and raised its full-year outlook, as it talked up its generative artificial intelligence prospects.  ( 22 min )

The SEC chair's crusade against Coinbase and savvy politicking could mean the end of crypto companies in the U.S.  ( 12 min )

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Wedbush analyst Dan Ives raises his 12-month price target on the stock to $220 from $205.  ( 22 min )

Campbell Soup issues earnings guidance for its fiscal year below Wall Street estimates.  ( 22 min )

US stocks opened upward on Wednesday, after a surprise drop in Chinese exports and economic headwinds flagged by the OECD stoked fresh concerns about global growth.  ( 8 min )

A Wall Street analyst’s job requires in-depth knowledge of their subject, but in essence, the objective is simple – to find out which stocks investors should load up on or stay away from. As Goldman Sachs’ Director of Americas Equity Research Steven Kron recently put it, a sector analyst can “identify top ideas that offer a combination of conviction, a differentiated view and high risk-adjusted returns.” Kron reckons this is especially true in the current market environment. He adds, “After a co  ( 10 min )

Budgeting for retirement can be more challenging than budgeting for life with a job. You start with a number you think will do the trick and hope that unforeseen circumstances don't drain your savings too early. Similarly, you might not … Continue reading → The post How Long Will $4 Million Last in Retirement? appeared first on SmartAsset Blog.  ( 10 min )

Private letter rulings, commonly known as "guidances," are the bane of tax attorneys everywhere. They are very specific, vast in number and essential to understanding how tax law works. In brief, it's a written answer issued by the IRS to a … Continue reading → The post Understanding a Private Letter Ruling (PLR) appeared first on SmartAsset Blog.  ( 10 min )

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Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.  ( 23 min )

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Goldman makes a big markets call based on the rising popularity of AI stocks.  ( 8 min )

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The electric vehicle start-up announced Tuesday it has agreements to sell regulatory credits generated by selling its EVs in the U.S.  ( 22 min )

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US stock futures were broadly flat on Wednesday morning, after a surprise drop in Chinese exports and economic headwinds flagged by the OECD stoked fresh concerns about global growth.  ( 8 min )

The streaming platform's paid sharing initiative will generate close to $6 billion in extra revenue in 2024 and 2025, J.P. Morgan estimates.  ( 22 min )

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(Bloomberg) -- The once-hot Wall Street trades of 2023 are all falling apart, in a fresh blow to market pros blindsided again and again ever since the pandemic broke out.Most Read from BloombergGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine Dam Blast Blamed on Russia Tips War Into New PhaseRussia’s Dam-Busting Is Another War CrimeSEC’s Coinbase Lawsuit Heralds Deepening US Crypto CrackdownNearly  ( 10 min )

Coinbase shares rise modestly following a slump in the previous session after the SEC sued the cryptocurrency broker, Yext raises its fiscal-year revenue and profit guidance, and GameStop and Campbell Soup are scheduled to post quarterly earnings.  ( 22 min )

China’s total trade with Russia has soared to levels not seen since the beginning of Vladimir Putin’s war in Ukraine, official data showed, as Beijing steps up support for its sanctions-hit ally.  ( 24 min )

What insights did other CEOs gain from the prolonged Bud Light uproar? Apparently, not much.  ( 10 min )

(Bloomberg) -- China’s four big state lenders have effectively cut dollar deposit rates, according to people familiar with the matter, at a time when strong demand for the US currency in the banking system helped push the yuan to a six-month low.Most Read from BloombergGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine Dam Blast Blamed on Russia Tips War Into New PhaseRussia’s Dam-Busting Is Another  ( 7 min )

(Bloomberg) -- JPMorgan Asset Management is adding more Chinese stocks to its portfolio on bets that the market’s cheap valuation and the government’s support for the economy will bolster returns. Most Read from BloombergGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine Dam Blast Blamed on Russia Tips War Into New PhaseRussia’s Dam-Busting Is Another War CrimeSEC’s Coinbase Lawsuit Heralds Deepening  ( 8 min )

Ivan Menezes is credited with growing the drinks company significantly since he became CEO in July 2013, with Diageo now selling around 200 brands in more than 180 markets.  ( 27 min )

(Bloomberg) -- The bearish calls against Chinese equities are growing, but one top-performing fund says any further weakness is a chance to buy.Most Read from BloombergGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine Dam Blast Blamed on Russia Tips War Into New PhaseRussia’s Dam-Busting Is Another War CrimeSEC’s Coinbase Lawsuit Heralds Deepening US Crypto CrackdownChinese firms offer “pretty good  ( 7 min )

Vodafone and CK Hutchison are in the final stages of agreeing to merge their British operations, with a long-awaited announcement expected as soon as Friday or next week, three sources have told Reuters. A spokeswoman for Hutchison declined to comment. Vodafone was not immediately available to comment.  ( 6 min )

(Bloomberg) -- The pace of declines in the Turkish lira hastened in early Wednesday trading amid increasing signs that policy makers may be scaling back interventions to support the currency.Most Read from BloombergGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine Dam Blast Blamed on Russia Tips War Into New PhaseRussia’s Dam-Busting Is Another War CrimeSEC’s Coinbase Lawsuit Heralds Deepening US Cr  ( 6 min )

Investors underwhelmed by ChatGPT could use an options strategy called a bear spread to bet against artificial-intelligence chip maker Nvidia.  ( 25 min )

(Bloomberg) -- China posted robust commodities imports in May, defying stutters in the wider economy, as buyers took advantage of weaker international prices and energy importers stocked up ahead of peak demand in the summer.Most Read from BloombergGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine Dam Blast Blamed on Russia Tips War Into New PhaseRussia’s Dam-Busting Is Another War CrimeSEC’s Coinba  ( 8 min )

For a brief period this spring, the housing market looked like it was out of the woods.  ( 8 min )

The idea of Amazon as disrupter is nothing new. But this threat seems less serious.  ( 22 min )

The U.S. government could face borrowing at rates near 6%, up from 0.1% less than two years ago.  ( 28 min )

(Bloomberg) -- Cathie Wood’s funds boosted their holdings of Coinbase Global Inc. as shares slumped after the Securities and Exchange Commission accused the company of operating an unlawful exchange.Most Read from BloombergPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailUkraine Dam Blast Blamed on Russia Tips War Into New PhaseRussia’s Dam-Busting Is Another War CrimeSEC’s Coinbase Lawsuit Heralds Deepeni  ( 7 min )

"The Cardboard Box Recession may be good news for inflation,"Charles Schwab said. "Inflation might just continue to recede as fast as it rose."  ( 7 min )

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Legendary investor Peter Lynch has a straightforward perspective on corporate insiders and their actions in the stock market. He put it simply: insiders may sell shares for a range of reasons, but they only buy shares when they believe the price is going to rise. Keeping a close watch on insiders’ stock purchases can prove to be a profitable investment strategy. Corporate insiders, which include company officers and board members, possess valuable knowledge about company policies and performance  ( 10 min )

U.S. equities were mixed at midday on Wednesday, June 7, 2023, as tech and communication stocks weighed on the major indexes.  ( 1 min )

Falling Chinese exports could point to a global slowdown and all Tesla Model 3s now qualify for the federal electric vehicle tax credit. Here’s what investors need to know today.  ( 1 min )

Zoals het er nu naar uitziet, stopt de gaswinning uit het Groningenveld dit najaar volledig. Dat zei premier Mark Rutte woensdag in debat met de Tweede Kamer. Op dit moment wordt er nog een minimale hoeveelheid gas gewonnen, waardoor de putten open kunnen blijven.  ( 4 min )

De Europese Commissie (EC) heeft onaangekondigde bezoeken gedaan bij verschillende Europese bedrijven die kunstgras maken. Volgens Brussel zijn er vermoedens dat de bedrijven de concurrentieregels hebben overtreden. Er is onder andere een inval gedaan bij het Nederlandse bedrijf Ten Cate, bevestigt CEO Michael Vogel aan NU.nl.  ( 3 min )

De omzet van Nederlandse Loterij kwam afgelopen jaar op 6,5 miljard euro uit. Een jaar eerder was dat nog geen 3 miljard euro. De ruime verdubbeling van de inleg komt vooral doordat dit het eerste volle jaar was waarin online gokken meespeelde.  ( 3 min )

Zoals het er nu naar uitziet, stopt de gaswinning uit het Groningenveld dit najaar volledig. Dat zei premier Mark Rutte woensdag in debat met de Tweede Kamer. Op dit moment wordt er nog een minimale hoeveelheid gas gewonnen, waardoor de putten open kunnen blijven.  ( 4 min )

Bij vertraging krijgen claimende treinreizigers met een vrijreisabonnement vanaf deze week tot tientallen euro's minder terug. De vergoeding is niet meer op basis van de normale ritprijs, maar op basis van de abonnementskosten.  ( 6 min )

Bij vertraging krijgen claimende treinreizigers met een vrijreisabonnement vanaf deze week tot tientallen euro's minder terug. De vergoeding is niet meer op basis van de normale ritprijs, maar op basis van de abonnementskosten.  ( 6 min )

De Europese Commissie (EC) heeft onaangekondigde bezoeken gedaan bij verschillende Europese bedrijven die kunstgras maken. Volgens Brussel zijn er vermoedens dat de bedrijven de concurrentieregels hebben overtreden. Er is onder andere een inval gedaan bij het Nederlandse bedrijf Ten Cate, bevestigt CEO Michael Vogel aan NU.nl.  ( 3 min )

De Europese Commissie (EC) brengt onaangekondigde bezoeken bij verschillende Europese bedrijven die kunstgras maken. Volgens Brussel zijn er vermoedens dat de bedrijven de concurrentieregels hebben overtreden.  ( 2 min )

Centralebankpresident Klaas Knot is bezorgd over loonsverhogingen van 10 procent of meer die de laatste tijd worden afgesproken bij cao-onderhandelingen. Daardoor kan het moeilijker worden om de inflatie tot bedaren te brengen, zo zei de DNB-president woensdag in de Tweede Kamer.  ( 3 min )

De Autoriteit Persoonsgegevens (AP) heeft OpenAI in een brief gevraagd of AI-chatbot ChatGPT stiekem persoonsgegevens verzamelt. Ook wil de toezichthouder weten of de kunstmatige intelligentie achter de chatbot leert van wat gebruikers aan hem vragen.  ( 3 min )

Duizenden medewerkers van sociale werkbedrijven hebben woensdag actiegevoerd voor een flinke loonsverhoging. Door de inflatie hebben ze steeds meer moeite om hun rekeningen te betalen. De werkgevers willen best over de brug komen, maar vinden dat het Rijk moet bijleggen.  ( 3 min )

Het Amerikaanse bedrijf Bluestar Alliance heeft 60 miljoen euro betaald om het van oorsprong Amsterdamse kledingmerk Scotch & Soda een doorstart te laten maken. Dat meldt Het Financieele Dagblad (FD).  ( 3 min )

Batman is als winnaar uit de strijd gekomen in een zaak over het logo van de superheld. Het Hof van Justitie van de Europese Unie vindt het Batman-logo onderscheidend genoeg om een beroep te mogen doen op bescherming als handelsmerk.  ( 3 min )

Ongeveer driehonderd bakkers leggen morgen voor twee dagen het werk neer. Dat doen zij omdat er nog geen nieuwe cao is. Het gaat om personeel van Bakkerij Borgesius in Arnhem en Aalsmeer en Dutch Bakery in Eindhoven.  ( 3 min )

Batman is als winnaar uit de strijd gekomen in een zaak over het logo van de superheld. Het Hof van Justitie van de Europese Unie vindt het Batman-logo onderscheidend genoeg om een beroep te mogen doen op bescherming als handelsmerk.  ( 3 min )

Het idee om de euro in te voeren wordt steeds aantrekkelijker voor de Zweedse bevolking. Nu de Zweedse kroon steeds minder waard wordt door de inflatie, is de steun voor de gemeenschappelijke munt groter dan ooit.  ( 3 min )

Consumenten hebben vanwege de stijgende energiekosten vorig jaar meer geïnvesteerd in de verduurzaming van huishoudelijke apparaten. In 2022 was er meer vraag naar elektrische huishoudelijke apparaten met een A-label.  ( 3 min )

Consumenten hebben vanwege de stijgende energiekosten vorig jaar meer geïnvesteerd in de verduurzaming van huishoudelijke apparaten. In 2022 was er meer vraag naar elektrische huishoudelijke apparaten met een A-label.  ( 2 min )

SNS en RegioBank verhogen de rente op spaartegoeden tot en met 100.000 euro naar 1 procent. Dat heeft de Volksbank, waar deze banken toe behoren, bekendgemaakt. Daarmee volgen ze het voorbeeld van de grote banken.  ( 2 min )

De Turkse lira heeft woensdag een nieuw dieptepunt bereikt ten opzichte van de dollar en de euro. De munt verliest sinds de definitieve uitslag van de verkiezingen steeds meer terrein vanwege zorgen over de economische koers van Turkije.  ( 3 min )

Boeing moet de levering van ongeveer negentig 787 Dreamliners uitstellen, omdat er bij de productie fouten zijn ontdekt. Het is een grote tegenvaller voor de Amerikaanse vliegtuigbouwer, die juist hard werkt om te voldoen aan de groeiende vraag naar zijn langeafstandsvliegtuigen.  ( 3 min )

Zonnepaneelparken krijgen steeds vaker te maken met koperdieven, hoort de brancheorganisatie Holland Solar van haar leden. "Het begint echt een probleem te worden." De koperprijs ligt hoog, wat diefstal interessant maakt.  ( 4 min )

Consumenten hebben in april iets meer besteed dan in dezelfde maand vorig jaar. Ze gaven vooral meer uit aan diensten, zoals verzekeringen, het openbaar vervoer en een bezoek aan een restaurant of de kapper.  ( 3 min )

De vier grootste internetproviders van Nederland hebben sinds begin dit jaar forse prijsverhogingen aangekondigd of doorgevoerd. Ondanks de flinke prijsstijgingen is er volgens experts geen sprake van graaiflatie. Sterker nog, de winst van internetaanbieders staat onder druk.  ( 4 min )

Boeing moet de levering van ongeveer negentig 787 Dreamliner-vliegtuigen uitstellen omdat er bij de productie fouten zijn ontdekt. Dat heeft de Amerikaanse vliegtuigbouwer laten weten. Voor Boeing gaat het om een tegenvaller aangezien het concern juist hard werkt om te voldoen aan de stijgende vraag naar zijn langeafstandsvliegtuigen.  ( 3 min )

Cathie Wood's Ark Invest increased its stake in Coinbase despite an SEC lawsuit against the crypto firm.  ( 1 min )

Dave & Buster's shares soared in early trading on Wednesday after reporting earnings and revenue records, with deals to add franchises in India and Australia.  ( 1 min )

Stitch Fix beat estimates after implementing "tight cost controls," with more cost-cutting plans.  ( 1 min )

Boeing said Tuesday that deliveries of its 787 Dreamliner have been halted again by another manufacturing issue, the latest in a string of setbacks affecting the two-aisle jet. The company said it is inspecting fittings on part of the tail called the horizontal stabilizer “for a nonconforming condition.” The inspections and repairs will affect near-term deliveries but won’t alter the company’s forecast of deliveries for the full year.  ( 7 min )

The “Shark Tank” star says today’s top digital asset firms are likely destined to live on only in history books.  ( 8 min )

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See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 19 min )

An unusual merger is sending shares of Topgolf Callaway Brands higher.  ( 22 min )

The FAA said the plane maker notified regulators of the latest issue.  ( 27 min )

Piper Sandler says there's opportunity in solar and heat pumps, too.  ( 22 min )

If some of highest-flying tech stocks should start to lose steam, other sector stocks could step in to support the market rally.  ( 22 min )

The S&P 500's surge to start 2023 has investors increasingly wary on what might happen next for markets.  ( 8 min )

History suggests Schwab’s cash sorting woes should abate, but this time could be different, caution Bank of America analysts. Here’s why.  ( 22 min )

(Bloomberg) -- The amount of money the US government had to pay its bills jumped on Monday to the highest level in two weeks as the Treasury rebuilds its cash pile in the wake of the Washington’s debt-ceiling suspension. Most Read from BloombergUkraine Dam Blast Blamed on Russia Tips War Into New PhasePGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfSEC’s Coinbase Lawsuit Heralds Deepening US Crypto CrackdownApple Headset Looks Sleek in Person But Battery Pack Stands OutBrothers Fi  ( 6 min )

(Bloomberg) -- Former International Monetary Fund chief economist Kenneth Rogoff sees interest rates heading higher in coming years, with the yield on the 10-year Treasury note averaging above 4% for the rest of the decade.Most Read from BloombergPGA Tour Bows to Saudi Rival in Shock Combination With LIV GolfUkraine Dam Blast Blamed on Russia Tips War Into New PhaseGeorge Santos Loses Bid to Shield the People Who Guaranteed His $500,000 BailSEC’s Coinbase Lawsuit Heralds Deepening US Crypto Crac  ( 7 min )

Apple Inc has acquired Mira, a Los Angeles-based AR startup that makes headsets for other companies and the U.S. military, the Verge reported, citing a post from Mira CEO's private Instagram account on Monday and a person familiar with the matter.  ( 6 min )

Boeing said on Tuesday it is slowing deliveries of its 787 Dreamliner after the company discovered a new production flaw, but expressed optimism that it can still deliver 70-80 of the widebody jets this year as planned. The problem, which does not pose a flight safety concern, involves a fitting for the 787's horizontal stabilizer made by a Boeing production facility in Salt Lake City, Utah, the company said. Boeing will need to inspect all 90 Dreamliners in its inventory before they can be delivered, and it expects it will take two weeks to fix each aircraft, the company added.  ( 7 min )

Wall Street’s impression of Vision Pro was lackluster.  ( 8 min )

These were also the only places where more than 50% of homes in each respective market were more affordable to purchase than rent.  ( 9 min )

The CBOE Volatility Index, or VIX, which measures the expected volatility of the U.S. stock market, is on pace to close at the lowest level in more than three years. The index was at 14.26, down 3.2% on Tuesday, nearing its February 2020 low. The move points to a lack of major concerns in the stoc  ( 22 min )

How much am I able to earn from an employer if I opt to take my Social Security at age 62 next year? – Glenn To be very clear, you can earn as much money as you want while collecting … Continue reading → The post Ask an Advisor: How Much Money Can I Earn Working After Taking Social Security at Age 62? appeared first on SmartAsset Blog.  ( 8 min )

Coinbase is the second crypto exchange to face an SEC lawsuit in as many days.  ( 8 min )

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The wireless carrier snags an upgrade, but analysts still see plenty of reasons to be cautious.  ( 22 min )

Shares of battery and hydrogen fuel-cell trucking firm Nikola hit a new 52-week intraday low on Tuesday. They have dropped more than 99% from their record high of almost $94.  ( 22 min )

There’s an old saying on Wall Street to “sell in May and go away.” While that may be true for some stocks, it won’t necessarily hold true for some real estate investment trusts (REITs) that began the first full week in June on a high with analyst upgrades. Take a look at three REITs that could benefit from some positive analyst words this week: DigitalBridge Group Inc. (NYSE: DBRG) is a Boca Raton, Florida-based diversified REIT that owns and operates data centers as well as cell towers, digital  ( 9 min )

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Move spurs calls to unionize.  ( 6 min )

Bud Light sales see slight improvement as declines begin to get smaller. (Though still substantial) Molson Coors, meanwhile, continues to gain share.  ( 9 min )

Piper Sandler analyst Alexander Potter has a $280 price target on Tesla stock, and the electric-vehicle business only accounts for $135 of it. There's opportunity in solar and heat pumps.  ( 22 min )

If some of highest-flying tech stocks should start to lose steam, other sector stocks could step in to support the market rally.  ( 22 min )

Investors hoping to get a good readout on where the markets might be heading – switch off now, as Billionaire Paul Singer has some bad news for you. The founder of Elliott Management – a firm with around $56 billion in assets under management – says the US economy is staring at an “extraordinarily dangerous and confusing period.” On top of the challenging macro environment, Singer cites high valuations, the prospects of paltry returns in real estate and financial assets and the “significant chan  ( 10 min )

Oil is back down again on Tuesday, despite Saudi Arabia's recent production cut announcement. The problem is demand, say strategists.  ( 7 min )

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The short-seller alleged that the company fabricated its financials and criticized founder Dozy Mmobuosi's claims of having developed "the first mobile payment app in Nigeria". Tingo did not immediately respond to a Reuters request for comment. The New Jersey-based holding company operates in Africa, Southeast Asia and the Middle East, and its units have ventured into agri-fintech, food processing and insurance brokerage.  ( 6 min )

The restaurant chain missed analysts' expectations for its third quarter. Guidance for the next three months also disappointed the Street.  ( 22 min )

U.S. regulators have taken aim at the heart of the crypto sector with charges against two of the most influential digital asset exchanges this week.  ( 22 min )

US stocks opened lower on Tuesday, with the S&P 500 (^GSPC) slipping 0.18%, the Nasdaq Composite (^IXIC) dipping 0.35% and the Dow Jones Industrial Average (^DJI) falling 0.12%.  ( 8 min )

Coinbase is the second crypto exchange to face an SEC lawsuit in as many days.  ( 8 min )

The retailer is still bullish on its robust store expansion plan, despite a slow start to the year.  ( 8 min )

The future looks “a lot less dull and a lot less routine” and will rely plenty on human brain power, Joseph Fuller tells Fortune.  ( 7 min )

There comes a time in all of our lives when we have to say goodbye to a family member or friend. If you were close with the person who passed away, you might discover that they've left you something in … Continue reading → The post What You Need to Know About Inheritance Tax appeared first on SmartAsset Blog.  ( 8 min )

A retirement home is a private facility that offers seniors care and support. These facilities typically have amenities and services that cater to the needs of seniors, including meal preparation, housekeeping, medical care and social activities. Here's a breakdown of … Continue reading → The post Retirement Home: Cost and Service Guide appeared first on SmartAsset Blog.  ( 8 min )

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The SEC on Tuesday charged the crypto broker with securities violations spanning years, taking aim at core elements of its business.  ( 22 min )

Intel will sell shares worth around $1.4 billion of self-driving technology company Mobileye.  ( 22 min )

The regulator said the U.S.’s largest crypto platform violated rules that require it to register as an exchange.  ( 28 min )

The revenue benefit from the Vision Pro headset is likely to be “immaterial” in the short term, says one analyst, and the technology is unlikely to do anything to disrupt the iPhone.  ( 22 min )

Shares of Coinbase fell 15% in premarket trading Tuesday after the Securities and Exchange Commission sued the crypto company for allegedly violating securities law. The SEC charged Coinbase for operating as an unregistered securities exchange, broker and clearing agency. The move comes a day after  ( 20 min )

Merck & Co said it sued the U.S. government on Tuesday, seeking an injunction of the drug price negotiation program contained in the Inflation Reduction Act (IRA), which it argues violates the Fifth and First Amendments to the U.S. Constitution. The lawsuit, expected to be filed in the U.S. District Court for the District of Columbia, argues that under the law, drugmakers would be forced to negotiate prices for drugs in the government's Medicare health insurance program at below market rates. Merck asserts this violates the part of the Fifth Amendment that requires the government to pay just compensation for private property taken for public use.  ( 7 min )

The investment bank forecast a decline of 10% or more for the S&P 500, citing high valuations and risks to corporate earnings.  ( 22 min )

Shares in GitLab surged in premarket trading after the software company beat earnings expectations in its fiscal first quarter, provided upbeat guidance, and said customers were looking to its AI-powered platform  ( 23 min )

The stock market just won't go down — even when headlines don't look good. Some analysts are calling this a "melt up" and it signals a broadening of a stock rally.  ( 7 min )

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Stock futures traded slightly lower on Tuesday, while wheat soared after a Ukraine dam blast.  ( 8 min )

The company reported fiscal first-quarter earnings late Monday, playing up its artificial intelligence credentials, and investors clearly liked what they heard.  ( 22 min )

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Saudi Arabia's plan to boost oil prices isn't working. Oil prices slid Tuesday, erasing gains that followed a Saudi plan to slash output, as fears about weak global demand out  ( 20 min )

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Intel will sell shares worth around $1.4 billion of self-driving technology company Mobileye.  ( 22 min )

Intervention by regulators into cryptocurrencies has historically benefited the industry, and this time could be the same, says one chief investment officer.  ( 22 min )

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In the nearly nine years since Apple CEO Tim Cook publicly came out as gay, three more openly LGBTQ CEOs helm Fortune 500 companies.  ( 9 min )

The price of Bitcoin plunged after the world’s largest cryptocurrency exchange and its founder were accused of a “web of deception” by US regulators.  ( 8 min )

Barron's live coverage of financial markets, from stocks and bonds to oil and crypto.  ( 20 min )

The revenue benefit from the Vision Pro headset is likely to be “immaterial” in the short term, says one analyst, and the technology is unlikely to do anything to disrupt the iPhone.  ( 22 min )

European shares were range-bound on Tuesday as worries of further interest rate hikes by major central banks in the face of slowing economic growth countered support from healthcare giant Novo Nordisk. The pan-European STOXX 600 index inched 0.1% higher to 460.42 points. Danish drug developer Novo Nordisk rose 3.5%, as trading resumed following a holiday in Copenhagen on Monday.  ( 7 min )

(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. tempered its outlook for 2023 capital spending, as the main chipmaker to Apple Inc. grapples with soft demand for smartphone and computing chips.Most Read from BloombergSEC Sues Binance and CEO Zhao for Breaking Securities RulesApple Headset Looks Sleek in Person But Battery Pack Stands OutApple’s $3,499 Vision Pro Headset Will Test Marketing MightA Wall Street Titan Scores One of the Best Real Estate Trades EverMorgan Stanley Expects a Shock  ( 8 min )

Rocket Companies and Zillow just fell out of the Fortune 500. Here's why.  ( 9 min )

(Bloomberg) -- Oil edged lower as traders weighed the outlook for supply and demand after Saudi Arabia’s surprise pledge for extra supply cuts.Most Read from BloombergSEC Sues Binance and CEO Zhao for Breaking Securities RulesApple Headset Looks Sleek in Person But Battery Pack Stands OutApple’s $3,499 Vision Pro Headset Will Test Marketing MightA Wall Street Titan Scores One of the Best Real Estate Trades EverMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallyWest Texas Intermediate  ( 7 min )

After Farmers Group told staff last year they would be remote, some sold cars or moved cities. Now, the insurer’s new leader says, they must come to the office.  ( 26 min )

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The US economy is in an "extraordinarily dangerous and confusing" time, which will result in "a lengthy period of low returns," Paul Singer said.  ( 6 min )

All top 10 non-stablecoin cryptocurrencies took a sharp fall Tuesday morning in Asia, after the SEC sued Binance over alleged securities violations.  ( 7 min )

If there’s one way to describe the markets recently, that would be top-heavy. The mega-caps, the largest US companies, have been outperforming the broader indexes, and by their very size they are pulling the rest of the markets along. To give an idea of the scale, the three largest S&P-listed companies are Apple, Microsoft, and Alphabet; together, they have a combined market cap over $6.9 trillion and make up a big chunk of the S&P 500’s total value. That $6.9 trillion is a higher market cap tha  ( 10 min )

Learn the difference between R-squared and adjusted R-squared and what each measures.  ( 23 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

An SBA loan may be an option for your business, but getting one might seem daunting. Find out what you need to qualify for an SBA loan.  ( 23 min )

A spinoff is a new and independent company created through the distribution of shares in an existing division or business of a parent company to its shareholders.  ( 24 min )

The Dow Jones Industrial Average finished the session essentially flat, with tech and financial stocks helping give the index a 0.03% boost.  ( 17 min )

Markets rose modestly on Tuesday, June 6, 2023, as semiconductor and regional bank stocks gained.  ( 16 min )

The applicable federal rate (AFR) is the minimum interest rate that the Internal Revenue Service (IRS) allows for private loans.  ( 20 min )

See a full overview of PNC savings account interest rates. Compare PNC Bank to top competitors and find the right savings account for your financial needs.  ( 19 min )

Chime’s high-yield savings account doesn’t charge a fee or require a minimum deposit. Learn more about Chime savings account interest rates and other features.  ( 20 min )

Understand why the United Kingdom opted to not join the eurozone in adopting the euro over the pound sterling as its predominant currency, even when it was part of the E.U.  ( 23 min )

Robinhood hiked the interest rate for its best customers' uninvested cash balances to 4.65% APY. That's great for a brokerage cash account, but you can earn more elsewhere.  ( 18 min )

Apple's new savings account offers a competitive 4.15% interest rate, but 17 high-yield savings accounts pay at least 4.50%, with some rates as high as 5.00%, earning you more.  ( 17 min )

Savings account rates have already risen to record levels over the past 14 months, but will the Fed's latest announcement bump them higher, or cause them to plateau?  ( 20 min )

How the FAFSA helps students get federal and state financial aid, including grants, loans, and even scholarships.  ( 26 min )

The World Bank said the global economy is in a "precarious position" and reduced its outlook for worldwide GDP growth in 2024.  ( 16 min )

APR and APY are both used to calculate interest for investment and credit products, but differ in how they affect what you earn or must pay.  ( 26 min )

USAA Bank offers many competitive CD options that consumers can choose from to fit their financial goals. Find out if USAA Bank CDs are right for you.  ( 20 min )

Venture capital firm Sequoia Capital said it will split into three separate units. The move comes amid a rise in tensions between the U.S. and China, especially on tech issues.  ( 16 min )

If you’re interested in opening a new certificate of deposit (CD) account, Schwab offers a simple brokered CD with attractive rates. Here’s what to know about Schwab CD APYs, terms, and features.  ( 19 min )

The government’s consumer watchdog is taking a look at banks’ use of customer service chatbots, finding that automated systems sometimes fail to help customers or give them inaccurate information.  ( 17 min )

A franchise is a business whereby the owner licenses its operations—along with its products, branding, and knowledge—in exchange for a franchise fee.  ( 26 min )

Explore the historical relationship between interest rate increases and the price of gold, and consider what effect a fed funds rate hike might have.  ( 24 min )

An inverse volatility exchange-traded fund (ETF) is a financial product that allows investors to bet on market stability without having to buy options.  ( 19 min )

A small corporate offering registration (SCOR) is a simplified means for smaller companies to raise capital by issuing shares.  ( 21 min )

Cash on delivery is a type of transaction in which payment for a good is made at the time of delivery.  ( 24 min )

Living in New Jersey while working in NYC can have its advantages. Here's a look at some of them.  ( 21 min )

Getting your first clients as a financial advisor can be a challenge and takes time. Learn how to get clients as a financial advisor here.  ( 24 min )

Biggest movers include Prometheus, TG Therapeutics, and Akero Therapeutics, all more than quadrupling in price in the last year while the Russell 2000 Index stays nearly unchanged.  ( 21 min )

Members of the LGBTQ+ community face many unique financial challenges related to marriage and family planning, debt, insurance, retirement, and more. Keep reading to learn more about these issues and how circumstances have changed over time.  ( 28 min )

Closed-end credit is a loan or extension of credit in which the proceeds are dispersed in full when the loan closes and must be repaid by a specified date.  ( 23 min )

Estimated tax is a quarterly payment that is required of self-employed people and business owners who do not have taxes automatically withheld.  ( 20 min )

These are the growth stocks with the fastest EPS and revenue growth heading into June.  ( 21 min )

Merck (MRK), the New Jersey-based maker of widely-used cancer treatment Keytruda, filed a lawsuit Tuesday in a federal court in Washington seeking to block the drug negotiation program, created by the Inflation Reduction Act of 2022, from going into effect in 2026.  ( 17 min )

Markets were little changed at midday on Tuesday, June 6, 2023, as banking gains were offset by declines in health care and consumer staples stocks, and Coinbase shares tumbled following SEC charges.  ( 16 min )

Rates on 30-year mortgages climbed for a second day, after previously sinking to a two-week low. Averages were modestly up across most loan types, though 5/6 ARM rates declined.  ( 19 min )

GitLab shares soared after releasing better-than-expected quarterly results and CFO Brian Robins said the company is "poised" to benefit from a boom in AI demand.  ( 16 min )

THOR Industries shares jumped after the RV and motorhome maker reported third quarter profit and sales beat estimates.  ( 16 min )

The Binance cryptocurrency exchange saw users fleeing after the SEC launched a lawsuit against the firm and its founder.  ( 17 min )

Certificate of deposit (CD) accounts may be better suited to some savers than others. Learn the pros and cons of using CDs to save.  ( 23 min )

A blue chip stock is a company that typically has a large market cap, a sterling reputation, excellent financials, and many years of success in the business world.  ( 24 min )

Coinbase was sued by the SEC for allegedly operating as an unregistered exchange, its also under fire from ten state regulators and its stock has dropped almost 14% in early trading.  ( 17 min )

A resume is a document that job applicants use to summarize their work experience, educational background, and special skills.  ( 23 min )

A carbon disclosure rating is a measure of the environmental sustainability of a company, based on voluntary disclosures by the company itself.  ( 18 min )

Revolving credit and a line of credit offer flexibility with when you accesses credit, but they are not the same. Learn about the differences in these loans.  ( 25 min )

Available credit refers to how much a borrower has left to spend. This amount can be calculated by subtracting the borrower's purchases from the total credit limit.  ( 22 min )

Saturn Oil & Gas, Vertex Energy, and Shawcor are top for best value, fastest growth, and most momentum, respectively.  ( 21 min )

You might expect all of America's top CEOs to have an MBA from an Ivy League school, but they hail from all kinds of academic backgrounds.  ( 25 min )

Moral hazard exists when a party to a transaction has an incentive to take unusual business risks because they are unlikely to suffer potential consequences.  ( 23 min )

Unemployment insurance is a benefit for workers who have lost their jobs and meet certain eligibility requirements.  ( 28 min )

An unemployment claim is a request an individual makes to a state government to receive temporary payments after having been laid off from a job.  ( 24 min )

Apple gets an analyst downgrade after the release of its pricey headset and TSMC warns of slowing capital expenditures. Here’s what investors need to know today.  ( 18 min )

Unemployment can vary wildly depending on where you live. Fortunately, the state unemployment rate at least makes it easy to find out.  ( 47 min )

The geometric mean is the average of a set of products, the calculation of which is commonly used to determine the performance results of an investment or portfolio.  ( 23 min )

Obtaining a commercial real estate loan is quite different from borrowing for residential real estate. Here's what to expect and how to get what you need.  ( 27 min )

The housing market is in a state of “gridlock,” according to mortgage data company Black Knight, which released a report Monday detailing obstacles facing buyers and sellers at many points in the homebuying process.  ( 18 min )

A merchant bank conducts underwriting, loan services, financial advising, and fundraising services for large corporations and high-net-worth individuals.  ( 23 min )

The unemployment rate is the percentage of the total labor force that is unemployed but actively seeking employment and willing to work.  ( 31 min )

Markets rose modestly on Tuesday, June 6, 2023, as semiconductor and regional bank stocks gained.  ( 1 min )

The Dow Jones Industrial Average finished the session essentially flat, with tech and financial stocks helping give the index a 0.03% boost.  ( 1 min )

These are the growth stocks with the fastest EPS and revenue growth heading into June.  ( 1 min )

Markets were little changed at midday on Tuesday, June 6, 2023, as banking gains were offset by declines in health care and consumer staples stocks, and Coinbase shares tumbled following SEC charges.  ( 1 min )

Apple gets an analyst downgrade after the release of its pricey headset and TSMC warns of slowing capital expenditures. Here’s what investors need to know today.  ( 1 min )

Venture capital firm Sequoia Capital said it will split into three separate units. The move comes amid a rise in tensions between the U.S. and China, especially on tech issues.  ( 1 min )

GitLab shares soared after releasing better-than-expected quarterly results and CFO Brian Robins said the company is "poised" to benefit from a boom in AI demand.  ( 1 min )

THOR Industries shares jumped after the RV and motorhome maker reported third quarter profit and sales beat estimates.  ( 1 min )

Merck (MRK), the New Jersey-based maker of widely-used cancer treatment Keytruda, filed a lawsuit Tuesday in a federal court in Washington seeking to block the drug negotiation program, created by the Inflation Reduction Act of 2022, from going into effect in 2026.  ( 1 min )

Zelfs als het al lukt om de uitstoot van broeikassen fors te verminderen, is de Noordpool waarschijnlijk tussen 2030 en 2050 al vrij van zomerijs. Dit betekent dat het zee-ijs in het noordpoolgebied een stuk sneller gesmolten kan zijn dan aanvankelijk werd verwacht. Dat concluderen onderzoekers dinsdag in het wetenschappelijke tijdschrift Nature Communications.  ( 4 min )

De Eerste Kamer heeft dinsdag unaniem gestemd voor de herinvoering van de basisbeurs. Dat betekent dat studenten vanaf september weer maandelijks geld op hun rekening gestort krijgen, dat na hun opleiding een gift wordt. Maar zorg dat je als student niet voor verrassingen komt te staan. Waar moet jij op letten?  ( 4 min )

Shell trekt na iets meer dan een jaar de stekker uit Shell Energy Nederland. Ook in Duitsland en het Verenigd Koninkrijk stopt het bedrijf met het leveren van energie aan huishoudens. Dat bevestigt een woordvoerder van Shell aan NU.nl.  ( 3 min )

De beurswaarde van cryptoplatform Coinbase is dinsdag met bijna 20 procent gedaald doordat de Amerikaanse toezichthouder SEC een strafzaak is gestart tegen het bedrijf. Het grootste cryptoplatform van de Verenigde Staten zou diensten aanbieden zonder de juiste vergunning.  ( 3 min )

NS krijgt een boete van 1,5 miljoen euro omdat de spoorvervoerder vorig jaar minder treinen liet rijden. Het is het maximale bedrag dat verantwoordelijk staatssecretaris Vivianne Heijnen (Infrastructuur) kan opleggen voor het afschalen van de dienstregeling.  ( 4 min )

Na ruim vijf jaar leenstelsel keert de basisbeurs in het hoger onderwijs terug. De Eerste Kamer heeft dinsdag ingestemd met een wetsvoorstel dat daarvoor zorgt. Daardoor kunnen zo'n 435.000 studenten van hogescholen en universiteiten vanaf september weer minstens 100 euro per maand krijgen.  ( 4 min )

Amerikaanse autoriteiten slepen Binance en topman Changpeng Zhao voor de rechter. Volgens beurstoezichthouder SEC hebben de ondernemer en het cryptoplatform een "web van leugens" gesponnen. Een deel van de beleggers heeft de afgelopen 24 uur hun geld weggehaald.  ( 4 min )

Precies tien jaar geleden gaf ING de eerste bankpas uit waarmee je kon betalen zonder de pas in de automaat te steken. Winkeliers en consumenten moesten eraan wennen, maar inmiddels rekenen we ruim 400 miljoen keer per maand contactloos af. En dat kan op steeds meer plekken.  ( 4 min )

PostNL heeft te maken met vertragingen bij het bezorgen en retourneren van pakketten. Volgens een woordvoerder is er altijd sprake van een bestelpiek wanneer het vakantiegeld gestort is en we vrije meidagen hebben. Maar er wordt nu meer besteld dan was voorzien.  ( 3 min )

Ov-reizigers kunnen sinds dinsdag overal in Nederland inchecken met een betaalkaart. Het Rotterdamse ov-bedrijf RET was de laatste vervoerder die OVpay nog niet had ingevoerd.  ( 5 min )

PostNL heeft te maken met vertragingen bij het bezorgen en retourneren van pakketten. Volgens een woordvoerder is er altijd sprake van een bestelpiek wanneer het vakantiegeld gestort is en we vrije meidagen hebben. Maar er wordt nu meer besteld dan was voorzien.  ( 3 min )

Duitse fabrikanten worstelen met de afkoelende wereldeconomie. In april daalde het aantal nieuwe orders weer. De moeizame staat van de industrie zorgde in de eerste maanden van dit jaar mede voor een recessie bij onze oosterburen.  ( 3 min )

Microsoft heeft een schikking getroffen met de Amerikaanse toezichthouder FTC. Het techconcern verzamelde illegaal gegevens van kinderen onder de dertien jaar die zich aanmeldden voor gamedienst Xbox Live.  ( 3 min )

Schiphol test een nieuwe robot die koffers kan tillen en zo het werk van het personeel kan verlichten. Ook wordt een robot getest die koffers opzij kan schuiven naar de bagageband.  ( 3 min )

Bij de Amsterdamse fabriek van PPG wordt deze week gestaakt. Het personeel van de grootste verffabriek van Nederland, waar blikken van bekende merken als Histor en Sigma worden gevuld, probeert zo een hoger loon voor elkaar te boksen.  ( 3 min )

Schiphol test een nieuwe robot die in de bagagehal koffers kan tillen en daarmee het werk voor het personeel kan verlichten. Ook wordt een robot getest die koffers opzij kan schuiven naar de bagageband. De luchthaven kondigt aan nog een aantal andere tilhulpen en volledig geautomatiseerde systemen te willen testen.  ( 3 min )

De inflatie was in de maand mei 6,1 procent, terwijl de prijzen in april nog 5,2 procent hoger waren dan een jaar eerder. Eten en drinken is nog altijd veel duurder dan een jaar eerder, terwijl de energieprijzen niet hard genoeg dalen om de inflatie omlaag te brengen.  ( 4 min )

Het leek alsof geen groot techbedrijf nog een presentatie kon geven zonder focus op kunstmatige intelligentie. Maar Apple trekt zich niets van die trend aan en zet juist vol in op augmented reality, met een bril van 3.499 dollar: de Vision Pro.  ( 5 min )

De inflatie was in de maand mei 6,1 procent, terwijl prijzen in april nog met 5,2 procent stegen ten opzichte van een jaar eerder. Eten en drinken blijft veel duurder dan een jaar eerder, terwijl energieprijzen niet hard genoeg dalen om de inflatie omlaag te brengen.  ( 3 min )

De Autoriteit Persoonsgegevens (AP) heeft in vijf jaar tijd al meer dan 114.000 meldingen van datalekken ontvangen. Soms komen daarbij de gegevens van honderdduizenden mensen op straat te liggen. Volgens de toezichthouder is daardoor bijna iedere Nederlander al één of meerdere keren slachtoffer geworden van een datalek.  ( 6 min )

Unemployment is the term for when a person who is actively seeking a job is unable to find work.  ( 28 min )

Be careful of websites making bogus offers of free credit scores. If a site asks for credit card information, you’ll most likely end up being charged.  ( 23 min )

Continuing claims refers to the number of people who have already filed an initial claim and are still filing for unemployment benefits.  ( 21 min )

A variable annuity is a type of annuity that can rise or fall in value based on the performance of its underlying investment portfolio.  ( 25 min )

The National Foundation for Credit Counseling (NFCC) is a national network of non-profit credit counseling organizations. Learn how it works.  ( 21 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

Marijuana-focused cryptocurrencies began in 2014 and surged in 2018 as global legalization efforts began.  ( 22 min )

Stashing cash in a high-yield bank account is an easy way to earn a lot more interest on your money, and right now, you can earn 5.25% with the top money market account.  ( 18 min )

Delinquency rates on commercial mortgage-backed securities backed by office properties jumped in May by the most since June 2018.  ( 17 min )

Markets fell on Monday, June 5, 2023 as initial enthusiasm for Apple's new headset faded.  ( 16 min )

The Dow Jones Industrial Average fell 0.6%, or about 200 points, as markets cooled off from Friday's blistering rally. Amgen rose more than any other stock, but Intel led the index lower.  ( 17 min )

Apple shares hit an all-time high on Monday as the company released its long-awaited mixed reality headset.  ( 17 min )

Sales of Tesla EVs made in China soared in May and were up 142% from the same period in 2022, when COVID-19 restrictions limited production.  ( 16 min )

A dividend is usually declared quarterly after a company finalizes its income statement and dividends are paid either by check or in additional shares of stock.  ( 25 min )

When the economy blows up, find out what funds offer some protection from major losses.  ( 21 min )

GM said it plans to invest more than $1 billion on manufacturing new heavy-duty ICE pickups.  ( 16 min )

The NYSE and the Nasdaq have pre-market and after-hours trading. Several factors are worth considering if you want to trade at these times.  ( 24 min )

This week’s cryptocurrencies to keep an eye on are XRP (XRP), The Sandbox (SAND), XDC Network (XDC), and Lido (LDO).  ( 20 min )

A defensive acquisition is a strategy that consists of a company buying another company as a "defense" against market downturns or possible takeovers.  ( 21 min )

The SEC has sued Binance, BAM Trading Services, and founder Changpeng Zhao for violating U.S securities laws, including the operation of an unregistered exchange.  ( 19 min )

You don’t need your parents to get a student loan. Learn about private and federal student loans to see which loans you may be eligible for.  ( 23 min )

With the plethora of digital currency exchanges, how can an investor choose the right one? Take the steps to find the best exchange for your needs.  ( 23 min )

The financial services sector consists of a diverse group of companies that goes beyond banks and credit unions.  ( 26 min )

Stock options and stock warrant have similar functions. However, companies use these two financial instruments for different purposes.  ( 22 min )

Especially at senior levels, LGBTQ+ representation in the workplace is low.  ( 29 min )

Employers in the service sector say they’re pulling back on hiring, raising concerns about cracks showing in the until-now stalwart labor market.  ( 16 min )

Members of the LGBTQ+ community have had a harder time getting home mortgages, although that may be starting to change.  ( 26 min )

A nearly equal share of women and men have IRAs, but men have a substantial lead when it comes to account balances and retirement readiness.  ( 25 min )

A derivative that gives the holder the right, but not the obligation, to buy or sell a security at a certain price before expiration.  ( 22 min )

First Republic Bank’s collapse was due to several factors, including its high levels of uninsured deposits and broader concerns about the stability of regional banks.  ( 29 min )

Rates on 30-year loans inched up after sinking to a two-week low, while 15-year rates dipped slightly and jumbo 30-year rates were flat.  ( 20 min )

A blank check company is a developmental stage company that has no specific business plan or has the intent to merge or acquire another firm.  ( 22 min )

Personal loan rates continued to moderate this week, lowering the overall average by 7 basis points.  ( 17 min )

Apple's stock has risen to a new all-time on Monday ahead of its developer conference where the company is expected to unveil its mixed reality headsets.  ( 17 min )

Bayes' theorem is a mathematical formula for determining conditional probability of an event. Learn how to calculate Bayes' theorem and see examples.  ( 24 min )

Follow these 10 steps to help you build a profitable trading plan. It's impossible to avoid disaster without trading rules—so, make sure you know how to devise them for yourself.  ( 25 min )

The dividend discount model (DDM) is a system for evaluating a stock by using predicted dividends and discounting them back to present value.  ( 29 min )

A bribe is an illegal act in which a gift (for example, money) is given with the goal of influencing an outcome.  ( 19 min )

The War Damage Corporation was a government program created during World War II to provide coverage for property damages related to war.  ( 18 min )

Finance is the study of money management and the process of acquiring needed funds—including personal finance, corporate finance, and public finance.  ( 24 min )

U.S. equities were mixed at midday on Monday, June 5, 2023, with Apple helping to boost the tech sector.  ( 16 min )

A risk premium is the return in excess of the risk-free rate of return that an investment is expected to yield.  ( 26 min )

Oil futures rose after Saudi Arabia announced it would reduce crude output by an additional 1 million barrels per day beginning in July.  ( 16 min )

EPAM shares fell to their lowest level in more than a year after the company cut its current quarter and full-year revenue and profit outlook as customers pulled back spending.  ( 16 min )

Rates on 30-year loans inched up after sinking to a two-week low, while 15-year rates dipped slightly and jumbo 30-year rates were flat.  ( 19 min )

Understand what tradable commodities are as well as the rules and risks governing how they are sold and traded in the marketplace.  ( 20 min )

Next of kin is usually defined as a person's closest living blood relative, someone who may have inheritance rights, and obligations.  ( 25 min )

Property taxes can be a huge burden for the homeowner. Learn more about some of the tricks you can use to lower your property tax.  ( 26 min )

Delivered-at-place (DAP) refers to an arrangement wherein the seller covers the costs and takes on the risks of moving product to the buyer's location.  ( 23 min )

Federal regulators are preparing to introduce new banking rules that would force big banks to hold up to 20% more capital, the Wall Street Journal reported Monday.  ( 16 min )

BRY, GNK, EGLE, CALM, and SFL lead peers by forward dividend yield  ( 23 min )

Lex Sokolin, one of our favorite futurists, rejoins The Express to show us how A.I., ChatGPT, and the Blockchain are already changing finance and investing, and where they are taking us into the future.  ( 18 min )

The list of the 500 companies that make up the S&P 500 is called its constituent list and includes many well-known names.  ( 24 min )

Saudi Arabia will cut oil production by 1 million barrels this summer and Apple prepares to release its new VR headset. Here’s what investors need to know today.  ( 17 min )

These five popular candlestick chart patterns signal a bullish reversal in downtrend.  ( 25 min )

Balanced trade is an economic model under which countries engage in reciprocal trade patterns and do not run significant trade surpluses or deficits.  ( 25 min )

A virtual assistant is an independent contractor who provides administrative services to clients while working outside of the client's office.  ( 23 min )

Learn about the Securities Industry Essentials Exam (SIE), the streamlined qualification test from FINRA for people looking to get a job in the securities industry.  ( 24 min )

Puerto Rico has beautiful beaches, a great climate, and tax breaks for American buyers—but also a huge debt crisis. Learn more about purchasing a condo in Puerto Rico.  ( 23 min )

Positive pay is a banking service used to match the checks a company issues with those it presents for payment. Learn how it is used to deter check fraud.  ( 24 min )

Lael Brainard is director of the National Economic Council as of February 2023 and a former vice chairman of the Federal Reserve Board.  ( 22 min )

Electric vehicles are set to become a $700 billion market by 2030, and the electric boat niche is a very fast-growing part of that market  ( 17 min )

Two insurance industry giants have pulled back from California's home insurance marketplace, saying that increasing wildfire risk and soaring construction costs have prompted them to stop writing new policies in the nation's most populous state. State Farm announced last week it would stop accepting applications for all business and personal lines of property and casualty insurance, citing inflation, a challenging reinsurance market and “rapidly growing catastrophe exposure.” The decision did not impact personal auto insurance.  ( 8 min )

(Bloomberg) -- Intel Corp., the largest US chipmaker by revenue, will sell part of its holdings in Mobileye Global Inc., raising about $1.48 billion for its ambitious spending plans. Most Read from BloombergSEC Sues Binance and CEO Zhao for Breaking Securities RulesMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallyA Wall Street Titan Scores One of the Best Real Estate Trades EverOil Nudged Higher by Saudi Surprise Cut as Traders Wait and SeeUS F-16 Triggers Sonic Boom Pursuing Cessn  ( 7 min )

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After the offering, Intel's voting share in the self-driving technology company will come down to about 98.7% from the 99.3% it currently holds. Shares of the Jerusalem, Israel-based Mobileye fell over 4% to $40.55 in extended trading. The share sale comes at a time when the company is facing intense competition in the assisted driving market from chipmakers Nvidia Corp and Qualcomm Inc, which are trying to make inroads into the space.  ( 7 min )

In the realm of artificial intelligence (AI), professionals often compare the progress of AI systems to raising a toddler. Similar to how toddlers rely on adults for guidance and education to develop and mature, AI creations like the widely known chatbot phenomenon ChatGPT also depend on human intervention to gain knowledge and communication abilities. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families This has giv  ( 8 min )

Unity's software will be used in Apple's new headset. After Apple's announcement, Unity stock had its best intraday performance since November 10.  ( 8 min )

The Securities and Exchanges Commission’s (SEC) suit against the biggest crypto exchange in the world, Binance, could be a huge misstep if other countries allow the crypto industry to develop and it eventually replaces the traditional banking sector, Jim Bianco, president and founder of Bianco Research said.  ( 8 min )

With little notice, US oil exports have hit new record highs. That will counter new OPEC production cuts and help keep prices in check.  ( 9 min )

Shares of U.S. banks fell on Monday with some investors pointing to worries that a flood of Treasury bill issuance following the raising of the U.S. debt ceiling would drain liquidity from lenders. The U.S. government is expected to issue $1 trillion or more of short-term debt to replenish its Treasury General Account (TGA) or cash reserves that were depleted during the political haggling over the debt ceiling. Some analysts have warned that this flood of new bills could drain bank reserves at time when liquidity is needed to bolster their balance sheet given the recent shocks to the financial system from the regional banking crisis.  ( 7 min )

Blackstone real estate investment trust (BREIT) is known as one of America’s largest and most dependable privately held REITs when it comes to delivering investor returns. However, 2023 has proven to be a difficult year for real estate investors, and Blackstone is not immune. As of May 1, 2023, Blackstone announced it is limiting investor withdrawals from its REIT, which is worth an estimated $70 billion. This move is not a new trend, as Blackstone has been limiting monthly investor withdrawals  ( 9 min )

Investors are bracing for a wave of U.S. government bond issuance as the Treasury plans to refill its depleted coffers quickly after the recent suspension of the debt limit. The Treasury General Account has fallen sharply since January when Treasury hit its limit on borrowing. Deutsche Bank strategist Steven Zeng said in a recent research note he expected net bill issuance of $400 billion in June, followed by $500 billion between July and September.  ( 6 min )

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At Berkshire Hathaway Inc.’s annual shareholder meeting, Charlie Munger’s revelation about a brilliant investment he made over 60 years ago offered a glimmer of hope and inspiration to investors worldwide. Don't Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families The octogenarian billionaire has been raking in $70,000 per year from a $1,000 bet on oil royalties, a deal he struck with a golfer named Al Marshall after a cha  ( 8 min )

Personal finance guru received up to $30 million for promoting timeshare exit company that failed to help customers, complaint alleges.  ( 6 min )

History repeats itself. According to Dow Jones Market Data, Apple shares have averaged a 0.3% decline during WWDC keynotes, going back to 2013. Sure enough, tn the first few minutes after Apple announced and offered details for its 'Vision Pro' mixed reality headset, the company's stock lost its g  ( 25 min )

As a serial entrepreneur who co-founded Tesla Inc., revolutionized the electric car industry and is sending rockets into space, Elon Musk isn’t known for being a real estate guru. But lately, the billionaire has been sounding the alarm for the sector. “Commercial real estate is melting down fast,” Musk said in a recent tweet. “Home values next.” He elaborated on the dire forecast during an interview with former Fox News personality Tucker Carlson in April. “We really haven’t seen the commercial  ( 9 min )

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The 10% reduction in output suggests Riyadh is willing to sacrifice market share to prop up prices.  ( 35 min )

Binance is by far the world's largest cryptocurrency exchange and a pillar of the digital asset economy. Bitcoin fell after the news of the SEC charges.  ( 22 min )

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The data-analytics software company says it was awarded a contract from the U.S. Special Operations Command.  ( 22 min )

Despite a recent surge in stocks, Morgan Stanley sees an earnings recession on the horizon in 2023.  ( 9 min )

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Citi analyst Christopher Danely says chip stocks "are due for a pullback.” He's cautious on the group, and has moved Micron stock to the front of the pack.  ( 22 min )

The Biden administration has asked a federal judge to toss out a lawsuit by Republican-led states seeking to strike down a rule allowing socially-conscious investing by employee retirement plans. The U.S. Department of Justice in a filing in Amarillo, Texas federal court on Friday said the rule was needed to replace improper limitations that the Trump administration had placed on considering environmental, social and corporate governance (ESG) factors in making investment decisions. A coalition of 25 states led by Utah and Texas sued in January, claiming the U.S. Department of Labor rule would imperil the retirement savings of millions of Americans by allowing investments to be made based on political agendas rather than financial considerations.  ( 6 min )

HSBC Global Research analyst Adam Fox-Rumley cut his price targets on AT&T, T-Mobile, and Verizon.  ( 22 min )

Billionaire and Microsoft Corp. Co-Founder Bill Gates continues to make waves with his latest venture into the beer industry. Gates made headlines by acquiring a substantial stake in Heineken Holding NV (OTC:HEINY), a Dutch company worth nearly $1 billion. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families The transaction, which occurred on Feb. 17, involved Gates purchasing 10.8 million shares valued at $939.87 mi  ( 8 min )

Apple shares have reached an all-time high as the tech company prepares to unveil its long-awaited virtual reality headset.  ( 31 min )

Anti-woke entrepreneurs seem to have forgotten the most basic requirement of capitalism: to make a profit.  ( 10 min )

EPAM shares fell to their lowest level in more than a year after the company cut its current quarter and full-year revenue and profit outlook as customers pulled back spending.  ( 16 min )

A renovated Walgreens store in downtown Chicago now only has two aisles of products available for public browsing while the rest is behind counters.  ( 7 min )

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BRY, GNK, EGLE, CALM, and SFL lead peers by forward dividend yield  ( 24 min )

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(Bloomberg) -- The S&P 500 Index is heading toward a bull-market milestone after stocks rallied back from last year’s lows on optimism the Federal Reserve is nearing the finish line of its interest-rate hikes. Most Read from BloombergMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallyOil Rises on Saudi Arabia’s Go-It-Alone July Production CutsOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutUS F-16 Triggers Sonic Boom Pursuing Cessna That CrashedSaudi Shoulders Burden to Support  ( 7 min )

US stocks moved higher Monday, with contracts on the S&P 500 (^GSPC), the Dow Jones Industrial Average (^DJI), and on the Nasdaq Composite (^IXIC) were flat.  ( 8 min )

Canaccord analyst George Gianarikas has an idea for a price reduction that investors would probably love.  ( 22 min )

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Employer-sponsored, tax-deferred retirement plans like 401(k)s and 403(b)s have rules about when you can access your funds. As a general rule, if you withdraw funds before age 59 ½, you'll trigger an IRS tax penalty of 10%. The good news … Continue reading → The post What Is the Rule of 55 and How Does It Work? appeared first on SmartAsset Blog.  ( 9 min )

Before you see a dollar of lottery winnings, the IRS will take 25%. Up to an additional 13% could be withheld in state and local taxes, depending on where you live. Still, you'll probably owe more when taxes are due, … Continue reading → The post How Taxes on Lottery Winnings Work appeared first on SmartAsset Blog.  ( 10 min )

Required minimum distributions (RMDs) are withdrawals you have to make from most retirement plans (excluding Roth IRAs). The age for withdrawing from retirement accounts was increased in 2020 to 72 from 70.5. The SECURE 2.0 Act, though, raised the age for … Continue reading → The post How to Calculate Required Minimum Distribution (RMD) appeared first on SmartAsset Blog.  ( 14 min )

Asset protection planning aims to protect assets from creditor claims. Here's a breakdown of several ways to go about this process.  ( 9 min )

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Strategists led by Michael Wilson said in a note on Monday that they expect earnings to rebound sharply, with a 23% jump next year. Morgan Stanley predicted the index to rebound to 4,200 levels in 2024 while keeping its 2023-end target unchanged at 3,900. A slew of positive news, with expectations of a Fed pivot, persistent improvement in liquidity, and AI-related tailwinds to mega-cap names such as Nvidia Corp, have buoyed indexes so far, Morgan Stanley said.  ( 7 min )

It's time to call out some trends to watch in the stock market before hitting the surf and sand.  ( 10 min )

It's time to call out some trends to watch in the stock market before hitting the surf and sand.  ( 10 min )

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Investors are awaiting news from the company's Worldwide Developers Conference, including the expected launch of a mixed-reality headset.  ( 25 min )

The deal for the pump-and-valve maker counts as a relatively large leveraged buyout as financing for such takeovers has become more scarce.  ( 28 min )

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KKR said it will pay $49 a share, sending the shares of Massachusetts-based Circor surging 49% to $47.20 in premarket trading. Circor, which has about 3,100 employees, makes pump and valve systems for sectors including industrial, aerospace, defense, oil and gas. The Wall Street Journal first reported the deal, citing people familiar with the matter.  ( 7 min )

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Newly-profitable Coupang, which serves customers in South Korea and Taiwan, joins the Fortune 500 list at No. 195.  ( 10 min )

The global beer conglomerate finds itself caught up in a distinctly American uproar. But for long-term investors, the Bud Light brouhaha could be a rare buying opportunity.  ( 27 min )

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Tighter lending standards from regional banks are making it harder for U.S. hotel developers to secure funding, slowing construction of new hotels at a time Americans' appetite for travel is ripe. Hotel developers, private equity firms, and general contractors told Reuters the financial stress on regional banks -- the largest lenders to hotels and other commercial real estate markets -- has forced developers to postpone projects or find other creative ways to raise capital. The hotel industry's predicament highlights the impact on the broader U.S. economy of the regional banking crisis, which resulted in the failure of three mid-sized U.S. lenders and prompted a flight in deposits to larger banks.  ( 8 min )

(Bloomberg) -- For the majority of PayPal Holdings Inc. analysts, the only way is up. Trouble is, the stock keeps going down.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutOil Rises on Saudi Arabia’s Go-It-Alone July Production CutsMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallySaudi Shoulders Burden to Support Oil Market With Extra CutsUS-China Handshake Fails to Stem Fears of Conflict in AsiaAbout two thirds of the more than 50 Wall Street firms c  ( 8 min )

Johnson & Johnson's legal settlement with Amgen Inc to delay a biosimilar version of its blockbuster psoriasis treatment Stelara until January 2025 could make the drug a larger contributor to J&J’s 2024 and 2025 sales than Wall Street is forecasting. Stelara, introduced in 2009, has been J&J’s top-selling drug since 2019, with sales reaching $9.7 billion in 2022. Its patents begin to expire this year, opening the door to a cheaper biosimilar entering the market, and raising expectations that the company would need to lower the $13,000 per month price of Stelara.  ( 8 min )

(Bloomberg) -- Apple Inc. is on pace to close at a record high ahead of its most significant product launch event in nearly a decade, after benefiting from a broader rotation back into technology stocks.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutOil Rises on Saudi Arabia’s Go-It-Alone July Production CutsMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallySaudi Shoulders Burden to Support Oil Market With Extra CutsUS-China Handshake Fails to Stem Fea  ( 7 min )

(Bloomberg) -- Canada is staking billions of dollars of public money on an oil industry plan to transform one of the world’s dirtiest crudes into one of the cleanest. But it’s relying on a technology with a checkered track record to prolong the life of a business critics say belongs in the history books.The tar that infuses the sands in Canada’s remote northwest is so sticky the region’s indigenous people traditionally used it to waterproof their canoes. It wasn’t much use for anything else unti  ( 11 min )

(Bloomberg) -- The Federal Reserve’s June meeting is shaping up to be one of the trickiest in its 15-month campaign to tame inflation: Chair Jerome Powell seems intent on skipping an interest-rate increase, while explaining to the public that officials aren’t done yet.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutOil Rises on Saudi Arabia’s Go-It-Alone July Production CutsMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallySaudi Shoulders Burden to Supp  ( 8 min )

↗️ Palo Alto Networks (PANW): The stock will join the S&P 500 benchmark, replacing Dish Network (DISH), the index compiler S&P Dow Jones Indices said. Shares in Palo Alto Networks gained mor  ( 20 min )

Commodity prices are in retreat, signaling a deceleration in the world economy but lending central banks a hand in their fight against inflation.  ( 28 min )

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U.S. futures paused on Monday after stocks tore higher on Friday after the latest jobs report. As investors look ahead to the Federal Reserve’s monetary policy decision next week, services-sector data due in the day ahead are in focus. Futures for the Dow Jones Industrial Average advanced 30 points  ( 27 min )

Crude oil futures opened the trading week higher after Saudi Arabia said that it was cutting production on top of OPEC+ reductions. Most-actively Brent crude oil contracts jumped, and recently stood more than 2.2% higher at $77.84 a barrel. The equivalent contract for the U.S. benchmark, West Texas  ( 20 min )

The shares moving the most today.  ( 22 min )

Our managers were all replaced with coaches, with a ratio of one coach per six employees.  ( 8 min )

U.S. automaker Tesla Inc delivered 77,695 China-made electric vehicles (EVs) in May, data from the China Passenger Car Association (CPCA) showed on Monday. That represented a 2.4% jump from April when Tesla sold 75,842 locally made Models 3 and Y in the world's largest auto market. On a yearly basis, sales rose 142% in May from 32,165 vehicles in the same month of 2022 when Shanghai, where its factory is located, was still subject to COVID-19 containment measures, disrupting production.  ( 6 min )

(Bloomberg) -- European stocks may drop as much as 10% over the next few months.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutOil Rises After Saudis Pledge Million-Barrel Cut at OPEC+ MeetMorgan Stanley Expects a Shock 16% US Profit Drop to Kill RallySaudi Shoulders Burden to Support Oil Market With Extra CutsUS-China Handshake Fails to Stem Fears of Conflict in AsiaThat’s the view of Morgan Stanley strategists led by Graham Secker, who expect the MSCI Europe Loca  ( 8 min )

There are some signs of de-dollarisation emerging right now, but the dollar should retain its "large footprint" for the foreseeable future, JPMorgan currency strategists said in a note on Monday. "Putting together various measures, overall USD usage remains within its historical range with the dollar at top of the pack, but usage is bifurcated under the hood," strategists Meera Chandan and Octavia Popescu at the Wall Street bank wrote. "De-dollarisation is evident in FX reserves where (the dollar's) share has declined to a record as share in exports declined, but is still emerging in commodities," the strategists said.  ( 6 min )

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At just over $71 a barrel, WTI crude remains above a key “support” level in the high-sixties.  ( 22 min )

Asian stocks followed Wall Street higher on Monday after strong U.S. hiring data suggested a possible recession might be further away, while smaller wage gains stoked hopes inflationary pressures are weakening. Shanghai, Hong Kong and Seoul also rose. Wall Street's benchmark S&P 500 index leaped 1.5% on Friday, putting it on the verge of entering what traders call a “bull market” after rising nearly 20% in seven months.  ( 8 min )

The Danish company said it had entered into exclusive negotiations with Bio Jag, Biocorp's main shareholder, for the purchase of its over 45% stake in the French company at a price of 35.0 euros ($37.44) per share in cash. The price represents a premium of 19.5% over Biocorp's closing market price on June 2 and the transaction values Biocorp at about 154 million euros, the companies said. Certain minority shareholders, representing 19.0% of the share capital of Biocorp, will also transfer shares to Novo Nordisk and the transaction will be followed by a squeeze-out procedure.  ( 7 min )

U.S. regulators are preparing to tighten rules for large banks, which could raise their capital requirements by 20% on average, the Wall Street Journal reported on Monday, to boost the financial system's resilience after a spate of midsize bank failures this year. Regulators are on track to propose the changes as early as this month, the WSJ reported, citing people familiar with the matter. Last month, the U.S. Federal Reserve's top regulatory official told Congress that the central bank would likely unveil its plan to ratchet up capital rules for banks this summer and ensure supervisors more aggressively police lenders following the bank failures.  ( 6 min )

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The dollar firmed against major peers in Asian trading after a robust U.S. jobs report spurred traders to price in higher interest rates for longer. The Australian dollar erased early losses after a report showed a pick-up in services activity in key trading partner China. The Canadian dollar proved resilient, buoyed by a spike in crude oil prices.  ( 7 min )

A global shortfall in crude oil supply is set to deepen in the third quarter as the world's top exporter Saudi Arabia pledged extra output cuts from July in a move likely to push Brent towards $100 a barrel by the end of the year, analysts said. Oil prices jumped more than $1 a barrel on Monday as the Saudi energy ministry said on Sunday its output would drop to 9 million barrels per day (bpd) in July from around 10 million bpd in May, the kingdom's biggest reduction in years. The voluntary cut pledged by Saudi is on top of a broader deal by the Organization of the Petroleum Exporting Countries and their allies including Russia to extend production cuts into 2024 as the group seeks to boost flagging oil prices.  ( 8 min )

US stocks closed lower Wednesday as investors kept a watchful eye on the prospects for the debt-limit deal in an expected House floor vote later. Meanwhile, strong US jobs data and China’s economic woes pressured global markets.  ( 9 min )

(Bloomberg) -- Morgan Stanley anticipates a sudden pullback in corporate earnings will slam the brakes on a US equity rally, a call at odds with Wall Street estimates. Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutUS-China Handshake Fails to Stem Asia’s Fear of Another UkraineOil Surges After Saudis Pledge Million-Barrel Cut at OPEC+ MeetQatar Airways Plans for Future Without First Class on Long-HaulAmazon Is in Talks to Offer Free Mobile Service to US Prime Membe  ( 7 min )

Asian shares extended a global rally on Monday on optimism the Federal Reserve would pause its rate hikes this month after a mixed U.S. jobs report, while oil jumped as Saudi Arabia pledged big output cuts in July. Brent oil jumped $1.82, or 2.4%, to $77.95 a barrel, while U.S. crude climbed $1.77, or 2.4%, to $73.51. Oil prices have recently come under pressure amid heightened concerns about China's slowing economic recovery.  ( 8 min )

(Bloomberg) -- Asian stocks were poised to climb Monday after the S&P 500 rose to the cusp of a bull market amid strengthening bets for a Federal Reserve rate pause this month. Oil rallied on a supply cut from Saudi Arabia.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutMystery Trader’s Debt-Ceiling Windfall Sparks Insider ConcernsQatar Airways Plans for Future Without First Class on Long-HaulAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersUS-Chin  ( 8 min )

(Bloomberg) -- Saudi Arabia said it will make an extra 1 million barrel-a-day production cut in July, taking its production to the lowest level for several years after a plunge in crude prices.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutMystery Trader’s Debt-Ceiling Windfall Sparks Insider ConcernsQatar Airways Plans for Future Without First Class on Long-HaulAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersUS-China Handshake Fails to Stem Asia  ( 9 min )

(Bloomberg) -- Financial professionals have a warning for their employers: Don't ask me to come in to the office more often, or I’ll quit.Most Read from BloombergMystery Trader’s Debt-Ceiling Windfall Sparks Insider ConcernsOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutUS-China Handshake Fails to Stem Asia’s Fear of Another UkraineQatar Airways Plans for Future Without First Class on Long-HaulOil Surges After Saudis Pledge Million-Barrel Cut at OPEC+ MeetThat's according to the latest Ma  ( 9 min )

Markets fell on Monday, June 5, 2023 as initial enthusiasm for Apple's new headset faded.  ( 1 min )

The Dow Jones Industrial Average fell 0.6%, or about 200 points, as markets cooled off from Friday's blistering rally. Amgen rose more than any other stock, but Intel led the index lower.  ( 1 min )

U.S. equities were mixed at midday on Monday, June 5, 2023, with Apple helping to boost the tech sector.  ( 1 min )

Oil futures rose after Saudi Arabia announced it would reduce crude output by an additional 1 million barrels per day beginning in July.  ( 1 min )

Saudi Arabia will cut oil production by 1 million barrels this summer and Apple prepares to release its new VR headset. Here’s what investors need to know today.  ( 1 min )

Apple shares hit an all-time high on Monday as the company released its long-awaited mixed reality headset.  ( 1 min )

Sales of Tesla EVs made in China soared in May and were up 142% from the same period in 2022, when COVID-19 restrictions limited production.  ( 1 min )

GM said it plans to invest more than $1 billion on manufacturing new heavy-duty ICE pickups.  ( 1 min )

EPAM shares fell to their lowest level in more than a year after the company cut its current quarter and full-year revenue and profit outlook as customers pulled back spending.  ( 1 min )

Na een koel en fris voorjaar genieten Nederlanders momenteel massaal van de zon. Alleen is dat lekkere weer minder goed voor je gazon. Hoe zorg je er ondanks de droogte voor dat jouw gras groener is dan bij de buren?  ( 6 min )

Het nieuwe besturingssysteem voor de iPhone, iOS 17, is een relatief kleine update ten opzichte van iOS 16. Wel komt er een gloednieuwe dagboekapp en wordt een nieuwe stand-bymodus toegevoegd. Ook presenteerde Apple vernieuwingen voor Macs.  ( 4 min )

De Europese gasprijs is maandag voor het eerst sinds maart tot 20 procent gestegen. Dat komt voornamelijk doordat steeds meer Aziatische landen proberen vloeibaar gemaakt aardgas (lng) te bemachtigen. De markt voor lng wordt daardoor krapper.  ( 3 min )

Hooikoortspatiënten bestellen de laatste weken massaal pillen, sprays en druppels. De verkopen zijn veel hoger dan gebruikelijk in deze tijd van het jaar. Dat merkt A.S. Watson, het bedrijf achter drogisterijketens Trekpleister en Kruidvat.  ( 3 min )

VDL Groep, die ook eigenaar is van VDL Nedcar, gaat aluminium fietsframes maken. Het daarvoor opgerichte VDL Bike Frame strijkt neer in Breda.  ( 2 min )

Bingoal heeft van de Kansspelautoriteit een boete van 400.000 euro gekregen. Het sportgokbedrijf richtte zich in een reclame op jongvolwassenen in de leeftijd van 18 tot 24 jaar. Dat is verboden.  ( 3 min )

Supermarktconcern Jumbo gaat terug naar de kern. Waar in het verleden een product werd toegevoegd als een klant erom vroeg, houdt de keten het assortiment nu kritisch tegen het licht.  ( 3 min )

Het blijft voor Oekraïne waarschijnlijk verboden om graan te verkopen in vijf Oost-Europese landen. De landen vrezen voor concurrentie van het goedkopere Oekraïense graan en dwongen vorige maand al een tijdelijk verbod af, dat maandag afloopt. Een verlenging tot september is in de maak.  ( 3 min )

Het rommelt bij streamingdienst Viaplay. Topman Anders Jensen vertrekt bij het bedrijf vanwege tegenvallende resultaten. Het videoplatform, dat onder meer de Formule 1-races van Max Verstappen uitzendt, heeft zijn financiële verwachtingen inmiddels naar beneden bijgesteld.  ( 3 min )

Niet eerder is er zoveel energie opgewekt met zonnepanelen als in de maand mei. Het is ook voor het eerst dat deze hernieuwbare bron meer energie opleverde dan biomassa, zo blijkt uit cijfers van Energieopwek.nl.  ( 3 min )

Het rommelt bij streamingdienst Viaplay. Topman Anders Jensen vertrekt bij het bedrijf vanwege tegenvallende resultaten. Het videoplatform, dat onder meer de Formule 1-races van Max Verstappen uitzendt, heeft zijn financiële verwachtingen inmiddels naar beneden bijgesteld.  ( 3 min )

UBS rondt de overname van branchegenoot Credit Suisse naar verwachting op 12 juni af. Daarmee ontstaat een Zwitserse bankenreus met een balanswaarde van 1,6 biljoen dollar (1,7 biljoen euro).  ( 3 min )

De langlopende hypotheekrentes zijn in 2023 nauwelijks veranderd, ziet De Hypotheker. Ook maakt het nauwelijks meer uit of je de rente vastzet voor tien, twintig of dertig jaar.  ( 3 min )

Vermogende reizigers die vliegen met Qatar Airways kunnen binnenkort niet langer een dutje doen in een van de luxueuze ligstoelen in de eersteklas. De luchtvaartmaatschappij gaat die namelijk schrappen in de volgende generatie langeafstandsvliegtuigen.  ( 3 min )

Drie kwart van de Nederlandse ondernemers zegt hogere kosten niet of slechts voor een deel te kunnen doorberekenen aan de klant. Dat komt vooral doordat ze bang zijn om klanten kwijt te raken aan de concurrentie. Bovendien zijn prijzen vaak vastgelegd in afspraken met klanten, meldt statistiekbureau CBS.  ( 3 min )

Zo'n 5 procent van de bedrijven in Nederland dreigt door schulden in de knel te raken. Het gaat om vijfduizend tot tienduizend ondernemingen. Onder meer in de horeca vrezen veel ondernemers dat ze niet meer aan hun betalingsverplichtingen kunnen voldoen.  ( 3 min )

In steeds meer sectoren kunnen we met vervroegd pensioen. Dat betekent dat iemand met een zwaar beroep bijvoorbeeld drie jaar eerder kan stoppen met werken, maar daar wordt nauwelijks gebruik van gemaakt.  ( 5 min )

Understand how to leverage the principal residence exclusion to reduce or eliminate paying capital gains tax.  ( 20 min )

The tax implications of opening a foreign bank account are complicated, as the IRS is hostile to U.S. citizens holding such accounts.  ( 23 min )

The Kelley School of Business is the business school of Indiana University. It offers programs in finance, accounting, marketing, and management.  ( 19 min )

The acid-test ratio is a strong indicator of whether a firm has sufficient short-term assets to cover its immediate liabilities.  ( 25 min )

Electronic statements should be accessible for as long as you'll need them. If you get paper statements, keep them for at least a year and then shred them.  ( 22 min )

Some homeowners can still qualify for a tax deduction on home equity loan interest thanks to a loophole, but only if they meet certain criteria.  ( 23 min )

Bad debt is an expense that a business incurs once the repayment of credit previously extended to a customer is estimated to be uncollectible.  ( 24 min )

Green economic theories encompass a wide range of ideas, all dealing with the interconnected relationship between people and the environment.  ( 23 min )

TRY is the abbreviation for the domestic currency used in the Turkish Republic of Northern Cyprus as well as in Turkey.  ( 18 min )

After-tax basis is used to compare the net after-tax returns on taxable and tax-exempt bonds to gauge which had a higher yield.  ( 18 min )

Improved gas mileage is good for your wallet, good for your car, and good for the environment. Here's how to achieve it.  ( 21 min )

A collection agency is a company used by lenders to recover funds that are past due or from accounts that are in default.  ( 21 min )

Coincheck is a Tokyo-based cryptocurrency exchange and digital wallet founded in 2012.  ( 22 min )

If you're changing jobs you may have the option to roll over your 401(k) into a plan. Learn more about how to transfer a 401(k) to new job.  ( 24 min )

Budget Control Act is a 2011 federal statute to increase the United States' debt ceiling, thereby avoiding the risk of sovereign debt default.  ( 22 min )

Valuing a company is a difficult task, regardless of the size of the business—but here are some methods that can help.  ( 28 min )

Insider trading is using material non-public information to trade stocks and is illegal unless that information is public or not material.  ( 26 min )

Determining stop-loss is about targeting an allowable risk threshold and should be strategically derived with the intention of limiting loss.  ( 21 min )

A bought deal is a securities offering in which an investment bank commits to buy the entire offering from the client company.  ( 19 min )

A relativity trap is a psychological or behavioral bias that leads people to make irrational choices with their spending decisions.  ( 23 min )

Learn about the just in time (JIT) production strategy and how the precise coordination and timing it requires can end up costing a business money.  ( 19 min )

Shares are a unit of ownership of a company that may be purchased by an investor.  ( 23 min )

Which entertainment sector is more profitable: movies or TV? Let’s take a look. You might be surprised by the results.  ( 19 min )

A transportation bond is a fixed-income security issued by a municipality to fund infrastructure needs related to public transportation.  ( 19 min )

Modified accrual accounting is a bookkeeping method commonly used by government agencies that combines accrual basis accounting with cash basis accounting.  ( 19 min )

An amendment is a change or addition to the terms of a contract agreement, government document, or law.  ( 19 min )

Learn the differences between margin calls and fed margin calls while reviewing the definitions of each and how to satisfy each call.  ( 20 min )

Marginal cost is the change in total cost that comes from making or producing one additional item.  ( 28 min )

The world’s richest people saw the biggest decline in wealth in more than a decade in 2022, with high net worth individuals losing $3 trillion collectively.  ( 17 min )

Austerity is defined as a state of reduced spending and increased frugality.  ( 25 min )

The SEC has always pursued insider trading as a key element of its activities. Here are a few of the most notable cases throughout the years.  ( 24 min )

Safe deposit boxes can keep certain valuables safe, but don't use one for anything you’ll need easy access to. Learn what you should, and should not, put in a safety box.  ( 25 min )

It can be difficult to send large sums of money abroad. Learn more about the top five safest ways to send and receive large sums of money internationally.  ( 22 min )

A chargeback is a charge that is returned to a payment card after a customer successfully disputes an item on their account transactions report. Learn more.  ( 21 min )

Hyperinflation describes rapid and out-of-control price increases in an economy. Learn the causes of hyperinflation and how it can impact everyday consumers.  ( 27 min )

Proof of funds (POF) refers to a document that demonstrates a person or entity has the ability and funds available for a specific transaction.  ( 22 min )

Lockbox banking is a service provided by banks to companies for the receipt of payment from customers.  ( 22 min )

Oil prices jumped more than $2 a barrel in early Asian trade on Monday, hours after the world's top exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July. Brent crude futures was at $78.42 a barrel, up $2.29, or 3%, at 2219 GMT after earlier hitting a session-high of $78.73 a barrel. Saudi Arabia's output would drop to 9 million barrels per day (bpd) in July from around 10 million bpd in May, the biggest reduction in years, its energy ministry said in a statement.  ( 7 min )

Oil prices jumped more than $2 a barrel in early Asian trade on Monday, hours after the world's top exporter Saudi Arabia pledged to cut production by another 1 million barrels per day from July. Brent crude futures was at $78.42 a barrel, up $2.29, or 3%, at 2219 GMT after earlier hitting a session-high of $78.73 a barrel. Saudi Arabia's output would drop to 9 million barrels per day (bpd) in July from around 10 million bpd in May, the biggest reduction in years, its energy ministry said in a statement.  ( 6 min )

(Bloomberg) -- President Joe Biden’s signature of legislation suspending the federal debt ceiling has given the Treasury Department the green light to resume net new debt issuance after months of disruption.Most Read from BloombergOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutMystery Trader’s Debt-Ceiling Windfall Sparks Insider ConcernsQatar Airways Plans for Future Without First Class on Long-HaulAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersUS-China Handshake Fail  ( 7 min )

The biggest news this week has been Elon Musk’s visit to China, a move that has the potential to strengthen Tesla’s ties with the world’s largest auto market. It’s Musk’s first visit since the COVID-19 pandemic, and his commitment to China isn’t surprising given how much China’s vehicle sales carry the automaker’s global sales. In Q1, China accounted for over half of Tesla’s deliveries.  ( 12 min )

"It’s going to take time to adjust back to being in the office more," a spokesman said after a walkout this week.  ( 9 min )

Earnings reports from Gitlab, Ciena, J.M. Smucker, Brown-Forman, Campbell Soup, GameStop, DocuSign, Vail Resorts, and NIO. Plus, services PMI and durable goods.  ( 23 min )

Saudi Arabia has announced plans to cut its oil production by 1 million barrels per day (bpd) as the Kingdom pledged to do “whatever is necessary” to prop up sagging prices.  ( 8 min )

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Executives aim to sell the shares for between $17 and $19 apiece. The high end of that range would value Cava at around $2.2 billion.  ( 29 min )

Homeowners say they are getting bills and foreclosure threats on second mortgages they thought were taken care of long ago.  ( 23 min )

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Todd, who has anchored the Sunday program since 2014, will step down in September.  ( 28 min )

Doubling up retirement plans adds some complexity, but it could be worth it.  ( 27 min )

Airbus is closing in on a potentially record deal to sell 500 narrowbody A320-family jets to India's largest carrier, Indigo, industry sources said on Sunday. The European planemaker has emerged as front-runner for an order eclipsing Air India's historic provisional purchase of 470 jets in February, the sources said on the sidelines of an airline industry meeting in Istanbul. Airbus and Boeing are also competing in talks to sell 25 wide-body jets to the same airline, they said.  ( 6 min )

While retirement may be associated with leaving the workforce behind, most Americans plan to work past the age of 65. In fact, a 2022 study from the Transamerica Center for Retirement Studies found that around 57% of workers plan to … Continue reading → The post Best Work-from-Home Opportunities for Retirees appeared first on SmartAsset Blog.  ( 10 min )

Certificates of deposits are some of the safest investments you can make. They are not dependent on the stock market, they are protected by deposit insurance and they have clear terms that you understand going in. A bump-up CD, also … Continue reading → The post What Is a Bump-Up CD and How Is it Used to Increase Your APY? appeared first on SmartAsset Blog.  ( 8 min )

With first quarter earnings season largely done, investors will now shift focus to the Fed's next meeting and how policy updates could impact the AI-driven rally in stocks.  ( 10 min )

Retiring when you're in your 60s or younger is the goal for every worker. But can you retire comfortably at the age of 65 with $1 million? For some people, yes. But the true answer is that there is no … Continue reading → The post Can I Retire at 65 With $1 Million? appeared first on SmartAsset Blog.  ( 10 min )

It's often said that a million dollars isn't as much as it used to be – but how about $2 million? A retirement fund of that amount can provide $80,000 in annual income - without even touching the principal. While … Continue reading → The post Is $2 Million Enough to Retire on at 55? appeared first on SmartAsset Blog.  ( 11 min )

Changes to federal law governing retirement savings plans allow employers to make matching contributions to employees' 401(k) accounts using after-tax dollars as with a Roth 401(k). Employees get to choose whether contributions will be made after-tax or pretax. However, the … Continue reading → The post How Roth 401(k) Matching Works With Your Employer appeared first on SmartAsset Blog.  ( 8 min )

An annual income of $250,000 won't put you in the top 1% of earners, but it will get you close to it. That's because only 7% of households in the United States earn $250,000 per year1. How far that income … Continue reading → The post Where High Earners Lose The Most To Taxes and Cost of Living - 2023 Study appeared first on SmartAsset Blog.  ( 10 min )

Volkswagen is the latest carmaker to invest in securing its own supplies for building batteries—and capturing more profits.  ( 29 min )

A record share of first-time buyers are taking out mortgages with terms of 35 years or more as soaring costs force more Britons to sign up to a lifetime of debt.  ( 7 min )

California State Teachers’ Retirement System, the second-largest U.S. pension, didn’t budge on first-quarter stock losers Nikola, Bed Bath & Beyond, KeyCorp, and Zions.  ( 23 min )

German car makers are ramping up pressure on Brussels to avoid a post-Brexit “cliff edge” for the auto industry as officials in Whitehall race to strike a deal.  ( 9 min )

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Retailers are seeing strong growth in China after years of pandemic restrictions. The recovery is tenuous, analysts say.  ( 22 min )

New actively managed funds are giving investors broader exposure to artificial intelligence development.  ( 27 min )

OPEC and its allies will meet on Sunday to debate a new deal possibly adjusting countries' output quotas and a further cut in production, sources told Reuters, as the group faces flagging oil prices and a looming supply glut. OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies led by Russia, pumps around 40% of the world's crude, meaning its policy decisions can have a major impact on oil prices. Three sources familiar with OPEC+ discussions have told Reuters that additional production cuts were being discussed among options for Sunday's session.  ( 7 min )

There are 23 biotechs with negative enterprise values in the XBI and the iShares Biotechnology ETFs.  ( 22 min )

The major oil-producing countries led by Saudi Arabia and Russia are wrestling with whether to make another cut in supply to the global economy as the OPEC+ alliance struggles to prop up sagging oil prices that have been a boon to U.S. drivers and helped ease inflation worldwide. The 23-member group is meeting Sunday at OPEC headquarters in Vienna after sending mixed signals about possible moves. Saudi Arabia, dominant among the oil cartel's members, has warned speculators that they might get burned by betting on lower prices.  ( 9 min )

Roughly 80 miles west of the Shetland Islands, on the edges of the North Atlantic, the biggest undeveloped oil field in UK waters sits deep beneath the waves.  ( 10 min )

(Bloomberg) -- Investors who took out long positions in the euro could be in for some respite, even as a shaky outlook for the economy continues to stalk the common currency.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersQatar Airways Plans for Future Without First Class on Long-HaulUS Chides China Over Defense Talks as Navy Sails by TaiwanRich Latin Americans Transform Laid-Back Madrid Into a New MiamiTaylor Swift Argentina Tickets Are a Bargain With  ( 9 min )

Higher mortgage rates stopped both home buyers and sellers in their tracks in the spring, putting an end to the pandemic home-buying boom. Summer might not be better.  ( 22 min )

(Bloomberg) -- OPEC+ ministers meet on Sunday to hash out a deal on oil production after a last-minute fight with African members threatened to derail the gathering.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersQatar Airways Plans for Future Without First Class on Long-HaulUS Chides China Over Defense Talks as Navy Sails by TaiwanRich Latin Americans Transform Laid-Back Madrid Into a New MiamiTaylor Swift Argentina Tickets Are a Bargain With Inflation  ( 8 min )

Former British tech champion THG is facing a shareholder revolt at its investor meeting that risks deepening chief Matthew Moulding’s dislike of the London market.  ( 7 min )

OPEC and its allies meet Sunday in Vienna to decide on an output plan.  ( 29 min )

Hedge funds and other speculative investors have built up a big bet that the S&P 500 will decline, marking their most bearish positioning since 2007.  ( 27 min )

Driekwart van de Nederlandse ondernemers zegt hogere kosten niet of slechts voor een deel te kunnen doorberekenen aan klanten. Dat komt vooral omdat ze bang zijn om klanten kwijt te raken aan de concurrentie. Ook zijn prijzen vaak vastgelegd in afspraken met klanten, meldt statistiekbureau CBS.  ( 4 min )

Afrikaanse leden van oliekartel OPEC+ worden steeds meer onder druk gezet om de ruimte binnen hun doelstellingen voor olieproductie op te geven. Die ruimte willen de Verenigde Arabische Emiraten (VAE) graag gebruiken om zelf meer te kunnen produceren. Vooral Angola en Nigeria halen hun doelstellingen niet.  ( 3 min )

Egypte heeft drie sleepboten ingezet om een olietanker met motorpech in het Suezkanaal weg te slepen. Die tanker stremt het verkeer in de kortste scheepvaartroute tussen Azië en Europa.  ( 3 min )

Vermogende reizigers die vliegen met Qatar Airways kunnen binnenkort niet langer een dutje doen in een van de luxueuze ligstoelen in de eersteklas. De luchtvaartmaatschappij gaat die namelijk schrappen in de volgende generatie langeafstandsvliegtuigen.  ( 3 min )

Voor Apple-fans is het lange wachten eindelijk voorbij: maandag lanceert de techreus naar alle waarschijnlijkheid na vele jaren weer een belangrijk nieuw product. Apple komt op zijn jaarlijkse ontwikkelaarsconferentie WWDC volgens vele geruchten met een eigen virtualreality-bril (VR).  ( 4 min )

De Duitse zeepmaker Henkel, bekend van merken als Pritt en Persil, heeft de mogelijkheid om zijn activiteiten in Rusland binnen nu en tien jaar terug te kopen. Voorwaarde is wel dat de omstandigheden in en de relatie met dat land "fundamenteel" veranderen.  ( 3 min )

Steeds meer Nederlanders hebben zonnepanelen op het dak liggen. Maar wanneer produceren deze panelen nou de meeste stroom?  ( 3 min )

We krijgen deze zomer meer dollars, kronen, lira’s en Antilliaanse guldens voor een euro. De waarde van onze munt bij een wisselkantoor zit in de lift. Dat kan interessant zijn richting het vakantieseizoen. Maar je reis wordt er niet altijd goedkoper van.  ( 6 min )

Als de Eerste Kamer dinsdag met de herinvoering van de basisbeurs instemt, krijgen studenten vanaf september weer maandelijks een bedrag dat na hun opleiding een gift wordt. Dat is een opluchting voor veel studenten, al is het wetsvoorstel volgens velen verre van perfect.  ( 5 min )

A vostro account is an important part of correspondent banking in which a foreign bank provides financial services on behalf of a domestic bank.  ( 22 min )

The secured overnight financing rate (SOFR) is a benchmark interest rate for dollar-denominated derivatives and loans that replaced LIBOR.  ( 22 min )

Strengthen your marriage by understanding and dealing with these six major financial stressors.  ( 30 min )

You can take funds from your retirement account for immediate and pressing financial needs. But you'll pay a price for doing so.  ( 23 min )

A crossed check is a check that has been crossed with two parallel lines, either across the whole check or through the top left-hand corner of the check.  ( 21 min )

The Basic Attention Token (BAT) fuels the Brave browser, which aims to revolutionize digital advertising through blockchain technology.  ( 21 min )

Craig Wright claims to be Satoshi Nakamoto, the mysterious inventor of Bitcoin. But his claim is riddled with holes.  ( 24 min )

The debt limit crisis is over. For now, at least, as President Joe Biden signed a bill Saturday suspending the nation’s self-imposed borrowing limit until January 2025.  ( 17 min )

The empirical rule is a statistical theory stating that 99.7% of normally distributed data will fall within three standard deviations from the dataset's mean.  ( 26 min )

Tezos (XTZ) is a decentralized blockchain network with an associated cryptocurrency token and a colorful history.  ( 22 min )

The Ethereum blockchain transitioned to proof-of-stake in September 2022. The upgrade also set the stage for the blockchain's future.  ( 22 min )

Fee-only financial advisors get paid for their services, not by commission. Learn why that matters and why you may still want to hire one.  ( 28 min )

The world’s billionaire population fell by 3.5% in the latest year, with tech, healthcare, and real estate fortunes particularly vulnerable.  ( 18 min )

Kanye West has a net worth of $400 million as of 2023, according to Forbes. West’s net worth dropped from $2 billion after Adidas and other companies cut ties with the rapper in 2022 after antisemitic comments and offensive behavior.  ( 18 min )

Sophisticated borrowers may consider one of these interest-only loans to keep their initial mortgage payments low, but should understand the risks first.  ( 26 min )

An irrevocable letter of credit is a bank guarantee for payment by the party requesting the letter. It cannot be revoked.  ( 28 min )

Normal or bell curve distribution can be used in portfolio theory to help portfolio managers maximize return and minimize risk.  ( 24 min )

Investment management is just one part of a financial advisor's role.  ( 25 min )

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(Bloomberg) -- For over a year, bond traders been whipsawed by uncertainty about how high the Federal Reserve will push interest rates. Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersTrillion-Dollar Treasury Vacuum Coming for Wall Street RallyRich Latin Americans Transform Laid-Back Madrid Into a New MiamiChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthUS Chides China Over Defense Talks as Navy Sails by TaiwanBut that’s now giving way to a gro  ( 8 min )

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Some lawmakers are seeking legislation or action by President Biden to avoid the recurring high-stakes standoffs on Capitol Hill.  ( 30 min )

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"For new home buyers, this is the worst situation since the end of the Great Recession."  ( 6 min )

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The industry's top banker knows he can't be the boss "forever." How much longer will he stay, and who would replace him?  ( 11 min )

(Bloomberg) -- With a debt ceiling deal freshly inked, the US Treasury is about to unleash a tsunami of new bonds to quickly refill its coffers. This will be yet another drain on dwindling liquidity as bank deposits are raided to pay for it — and Wall Street is warning that markets aren’t ready.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthRich Latin Americans Transform Laid-Back Madrid Into a N  ( 9 min )

Money held in popular apps like Venmo, PayPal, and CashApp are more vulnerable to financial uncertainty because they may not offer federal deposit insurance through the FDIC or NCUA.  ( 8 min )

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President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) reached a tentative agreement to raise the U.S. debt ceiling over the weekend, allowing a ray of hope to peek through the fiscal cloud that had been hanging over D.C. This … Continue reading → The post What the Tentative Debt Ceiling Deal Means For You appeared first on SmartAsset Blog.  ( 7 min )

Eight million is the sobering figure economists urge you to remember. If the U.S. were to default on its debt, the repercussions would be large: a staggering loss of more than 8 million jobs, accompanied by a protracted recession that could … Continue reading → The post Investor Panic: Potential Consequences of a U.S. Debt Default Revealed appeared first on SmartAsset Blog.  ( 12 min )

Dividends are payments that some companies make to shareholders to reward them for investing in them. Dividends can provide regular, predictable income to investors who also preserve the chance of profiting from price appreciation. Dividends can qualify for advantageous capital … Continue reading → The post How Do I Avoid Paying Tax on Dividends? appeared first on SmartAsset Blog.  ( 8 min )

How long will $300,000 last in retirement? The answer to that depends on a variety of things: your lifestyle, your lifespan, your investments and any other income you have, to start. Let's break down whether $300,000 is enough for your … Continue reading → The post How Long Will $300,000 Last in Retirement? appeared first on SmartAsset Blog.  ( 9 min )

A 401(k) is an employer-sponsored, tax-advantaged retirement plan. You fund this account by contributing a set percentage of your paycheck into the account. One of the biggest perks of a 401(k) plan is that employers have the option to match your … Continue reading → The post How the Employer Match Works With the 401(k) Limit appeared first on SmartAsset Blog.  ( 9 min )

Now might be a good time to buy. That's the takeaway from a recent Morningstar analysis, which reported in on a seeming contradiction in stock prices. The market as a whole, Morningstar writes, is expensive. But those prices are a bargain … Continue reading → The post Looking for Bargain Stocks? Morningstar Says These Are Cheap appeared first on SmartAsset Blog.  ( 10 min )

Retiring before you're 50 may sound like a pipe dream, but a nest egg of $2 million can make this a reality. The question is, how can you save that amount in only about two decades? Depending on your circumstances, … Continue reading → The post How to Retire at 45 With $2 Million appeared first on SmartAsset Blog.  ( 11 min )

It may seem like an odd notion, but it is possible to save too much money. You may have financial habits that allow you to sock away tons of money but cause your current quality of life to deteriorate. As … Continue reading → The post Am I Saving Too Much for Retirement? appeared first on SmartAsset Blog.  ( 9 min )

To some people, $3 million will sound like a lot. You probably think $3 million is enough to retire if you're among that crowd. But retiring with $3 million at 65 can last depending on your longevity, lifestyle and other … Continue reading → The post Is $3 Million Enough to Retire at 65? appeared first on SmartAsset Blog.  ( 8 min )

A Roth individual retirement account (IRA) can be a helpful tool for retirement planning. These tax-advantaged accounts offer a way to save money in addition to what you might be contributing to a 401(k) or similar workplace plan. And if … Continue reading → The post Roth IRA Income Limits for 2023 appeared first on SmartAsset Blog.  ( 10 min )

Taking money out of a 401(k) is a big decision. The specifics of how to take money out of a 401(k) plan depend on your age, employer plan, whether you're still working for the company that sponsors your 401(k) plan … Continue reading → The post How to Take Money Out of a 401(k) Plan appeared first on SmartAsset Blog.  ( 9 min )

With all the attention on ChatGPT, here is how to choose an AI fund. They’re not all alike.  ( 28 min )

If you haven’t gone to therapy yet, here’s your sign: Addressing your childhood trauma could be critical for your career.  ( 9 min )

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Employment is soaring yet output is falling, by one measure. Blame a historic slump in productivity.  ( 27 min )

In the last decade between 2012 and 2022, the median job tenure has dropped from 4.6 years to 4.1 years.  ( 9 min )

If you're buying a Tesla Model 3 in the US, you can now get the maximum possible federal tax credit of $7,500 no matter what make you're getting.  ( 6 min )

If you want to use tax losses from individual equities or mutual funds to offset gains elsewhere, it is key to use an accounting system that allows you to specify which shares can be sold.  ( 22 min )

The chip giant says its Arizona hiring is on schedule, but recruiters say the company is a hard sell.  ( 14 min )

As the world’s biggest oil producers gather to decide on a production plan, the spotlight is on Prince Abdulaziz bin Salman’s fixation on traders whose bets can cause crude prices to fall.  ( 29 min )

(Bloomberg) -- Roiled by rising borrowing costs and falling valuations that wiped out $148 billion of shareholder value, European landlords are bracing for a new wave of pain. Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthRich Latin Americans Transform Laid-Back Madrid Into a New MiamiHedge Funds at War for Top Traders Dangle $120 Million PayoutsInside the Making of Redfall, Xbox’s Latest Misfir  ( 9 min )

Whitney rose to prominence as an Oppenheimer analyst and went on to a career in startups. Now she's ready for a new chapter.  ( 22 min )

It is more than a century since the first jobless benefits were paid in Britain, when David Lloyd George’s Liberal government introduced unemployment insurance through the National Insurance Act of 1911.  ( 12 min )

Markets cheered the end of the debt ceiling showdown as the Senate sent the bill to raise the US borrowing limit to President Biden's desk.  ( 7 min )

Deposits rose recently at Ally, Goldman Sachs’s Marcus and Capital One, banks that either don’t have branch networks or have far fewer branches than peers.  ( 28 min )

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Bouwbedrijf Heijmans heeft zaterdag het predicaat koninklijk gekregen. De bouwer uit Rosmalen bestaat honderd jaar en krijgt bij dat jubileum de royale titel uitgereikt. Shell en DSM verloren onlangs nog hun kroon. Hoe zit het met het predicaat koninklijk?  ( 5 min )

De Amerikaanse president Joe Biden heeft zaterdag zijn handtekening gezet onder het wetsvoorstel dat de verhoging van het schuldenplafond regelt. Daarmee is voorkomen dat de VS zijn financiële verplichtingen niet meer kan nakomen.  ( 4 min )

Ga je deze zomer buiten Europa op vakantie, denk dan goed na over het gebruik van je smartphone. Met een beetje pech verbruik je in enkele seconden voor tientallen euro's aan mobiel dataverkeer. Gelukkig zijn er manieren om te voorkomen dat je thuis een dikke telefoonrekening op de mat vindt.  ( 5 min )

De Amerikaanse president Joe Biden ondertekent mogelijk zaterdag al het wetsvoorstel dat de verhoging van het schuldenplafond regelt, laat een regeringswoordvoerder weten.  ( 4 min )

Er zijn vijfhonderd e-mailadressen van gepensioneerden bij pensioenfonds ABP gelekt. Het lek kwam tot stand door een "menselijke fout" bij het verzenden van een e-mail, zegt een woordvoerder van ABP.  ( 2 min )

Zon, zee en strand blijven voor veel Nederlanders populaire ingrediënten voor hun zomervakantie. Tegelijkertijd zitten actieve vakanties naar noordelijker landen in de lift, ziet een aantal bedrijven uit de reisbranche.  ( 4 min )

Zon, zee en strand blijven voor veel Nederlanders populaire ingrediënten voor hun zomervakantie. Tegelijkertijd zitten actieve vakanties naar noordelijker landen in de lift, ziet een aantal bedrijven uit de reisbranche.  ( 4 min )

Voor Eerste Kamerleden bestaat geen vacaturesite. Ze worden gekozen door de leden van de Provinciale Staten, die op hun beurt weer zijn gekozen door ons. De 75 nieuwe Eerste Kamerleden blijven in principe vier jaar aan.  ( 5 min )

The Dow moved up by more than 700 points after the Labor Department's stronger-than-expected jobs report.  ( 1 min )

It's possible that Saudi Arabia brings a more assertive stance to the table when OPEC+ holds its meeting on Sunday.  ( 8 min )

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All new Tesla Model 3 vehicles will now qualify for the full $7,500 federal EV tax credit, according to a change in Tesla's website. The EV tax credits were mandated by Congress last August as part of the Inflation Reduction Act, with the goal of ending U.S. reliance on China for batteries. The full $7,500 tax credit is broken into two parts.  ( 6 min )

Changes in the Federal Reserve’s balance sheet, the Treasury’s cash balances, bank reserves, and other factors will probably affect equities.  ( 22 min )

Company said it removed certain produced content from its DTC segment on May 26.  ( 27 min )

Regulators don't have a clear view into the huge world of nonbank finance, or 'shadow banking.' Barron's peers into this opaque world.  ( 75 min )

LS Power purchased 5.9 million shares in EVgo’s recent stock offering. EVgo Chairman David Nanus is on LS Power’s management committee.  ( 22 min )

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Two of the banking industry's top executives discussed the slowdown they expect to see this year on Wall Street.  ( 8 min )

(Bloomberg) -- The relentless rally in big tech, options positioning and bets on a Federal Reserve pause following a mixed jobs report put stocks on the verge of a bull market.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthRich Latin Americans Transform Laid-Back Madrid Into a New MiamiInside the Making of Redfall, Xbox’s Latest MisfireHedge Funds at War for Top Traders Dangle $120 Million Payout  ( 8 min )

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Analysts weigh in on Kenvue, C3.ai, CSX, Toast, and Ryanair Holdings  ( 22 min )

Tim Chen, CEO and co-founder of NerdWallet Inc., has come a long way since the 2008 financial crisis when he found himself among the unemployed, like many others at that time. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families After spending four years working in hedge funds such as Perry Capital and JAT Capital Management, Chen received the news of his layoff around Christmas, leaving him devastated. “It was super  ( 9 min )

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Tesla stock is up more than 4% in late trading. One reason looks technical. The other looks like unemployment did the trick.  ( 22 min )

Making money in the stock market sounds like a dream come true, and for most traders, it's just that: a dream. Unless your name is Jack Kellog, the 24-year-old who achieved $8 million in gains from day trading in 2020 and 2021. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families Where It All Started Starting his trading journey in 2017 with only $7,500, Kellogg has encountered and overcome various market conditions,  ( 8 min )

Like the PC and cellphones, artificial intelligence has the capacity to rewrite how almost every business works—including investing. Here’s how it might change things for retail and institutional investors.  ( 22 min )

White-collar jobs are most at risk.  ( 7 min )

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The number of rigs drilling for crude dropped again this week, a sign that U.S. producers are pessimistic about prices. There are now 555 rigs drilling specifically for oil, down 15 from last week in the sharpest decline in oil-patch activity since the Covid lockdowns. The total is down 11% since t  ( 20 min )

(Bloomberg) -- A deal to rescue one of the biggest suppliers of soybean meal fed to livestock herds around the world is at risk of falling apart because of court delays and Argentina’s worst drought in living memory.Most Read from BloombergAmazon Is in Talks to Offer Free Mobile Service to US Prime MembersChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthRich Latin Americans Transform Laid-Back Madrid Into a New MiamiHedge Funds at War for Top Traders Dangle $120 Million PayoutsInside the  ( 8 min )

DuPont, Corteva, Chemours, and 3M shares are up after a $1.2 billion legal settlement over PFAS chemicals. Here's how investors can make sense of that.  ( 36 min )

Wall Street analysts are telling clients TSMC's exposure to the AI trend might be limited this year.  ( 22 min )

With the late Steve Jobs and Steve Wozniak, Apple Inc.'s co-founders, dominating the tech world for decades, it’s easy to overlook the vital role played by a lesser-known figure: Mike Markkula. Don’t Miss: Why Jason Calacanis and Other Silicon Valley Elites Are Betting On This Startups Vision For Re-Uniting American Families While Jobs and Wozniak captured the limelight, Markkula’s contributions to Apple's success were no less significant. From angel investor to CEO and chairman, Markkula’s jour  ( 9 min )

The cash-strapped U.S. Treasury today auctioned $15 billion in bills maturing in one day as it awaits a resolution to the debt-ceiling impasse.  ( 18 min )

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Evercore ISI analyst Kirk Materne says artificial intelligence is going to provide a gigantic boost to Microsoft, which is in a "unique position to monetize the platform shift to AI."  ( 22 min )

Amazon.com is reportedly in talks with phone carriers to offer low-cost or free nationwide mobile phone service to Prime subscribers.  ( 23 min )

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Hiring was strong in May, but wage gains showed less inflationary pressure from the labor market.  ( 23 min )

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Molson Coors brands Coors Light and Miller Lite have grown market share as Bud Light faced a backlash. TD Cowen analyst Vivien Azer says Molson Coors will enjoy “durable market-share momentum.”  ( 22 min )

SoFi Technologies, Inc (NASDAQ: SOFI) stock is down Friday as the Senate cleared the debt ceiling bill with 63 votes in favor of the legislation and 36 against it. The CARES Act passed in March of 2020, allowed a pause on student loan repayments. The current debt ceiling deal would terminate this pause, and repayments must resume on August 29, 2023. The student loan refinancing firm prosecuted the government to end the pause earlier this year. Through student and personal loans, the company aime  ( 7 min )

If a headset is unveiled at Monday's WWDC, Apple shares might get a big boost too.  ( 22 min )

Dish Network Corp (NASDAQ: DISH) stock is up Friday amid reports of selling wireless plans for its mobile phone service through Amazon.Com Inc(NASDAQ: AMZN). Amazon has been talking with wireless carriers about offering Prime subscribers $10 a month or possibly for free and bolster loyalty among its biggest spending customers. The company is negotiating with Verizon Communications Inc (NYSE: VZ), T-Mobile US Inc (NYSE: TMUS), and Dish for the lowest possible wholesale prices, Bloomberg reported  ( 7 min )

The resolution would repeal President Joe Biden’s most recent extension of the student loan pause.  ( 8 min )

After NVIDIA's (NASDAQ:NVDA) astounding AI-fueled earnings results and guidance last week, its valuation briefly vaulted past the $1 trillion mark and Wall Street analysts scrambled to jack up estimates on the company. But that massive surge makes Nvidia a tricky buy right now: InvestingPro’s fair value algorithm calls the stock overvalued at current levels, with some 30% potential downside risk.  ( 7 min )

Bank stocks have been “excessively penalized,” says Wells Fargo analyst Mike Mayo. Here are some names to consider.  ( 22 min )

Barcalys analyst Dan Levy feels better about the EV start-up after a visit to its assembly plant in Normal, Illinois.  ( 22 min )

Benzinga Made-In-China Teslas Are The Highest Quality, Says Musk: ‘It Warms My Heart’ Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is back in America after a two-day trip to China, his first since the onset of the COVID-19 pandemic. The billionaire entrepreneur made a pitstop at Giga Shanghai as part of his tour and delivered a late-night speech praising his Chinese staff. Sharing pictures from his visit to the Gigafactory on Wednesday evening, Musk tweeted, “Congratulations to Giga Shanghai & Tesla C  ( 12 min )

(Bloomberg) -- One of Nvidia Corp.’s long-term investors is trimming bets on the stock, saying the frenzy around artificial intelligence has pushed valuations too far.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Clears Congress, Ending Threat of US DefaultHedge Funds at War for Top Traders Dangle $120 Million PayoutsRich Latin Americans Transform Laid-Back Madrid Into a New MiamiEdmond de Roths  ( 7 min )

The Secure 2.0 Act has all sorts of provisions that take effect between now and 2027. Here’s when they kick in.  ( 27 min )

↗️ Lululemon Athletica (LULU): The athletic-gear maker raised its annual outlook on sales growth in China. Shares climbed around 12%, snapping a nine-day losing streak. ↘️AT&T (T), [**Verizon (VZ)  ( 21 min )

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Dollar General's lowered outlook casts a shadow on prospects for discount retailers but some analysts still see opportunities.  ( 22 min )

(Bloomberg) -- Carvana Co. canceled a $1 billion debt swap after a group of creditors refused to exchange their notes, posing a challenge as the used car retailer attempts to rein in its debt load.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Clears Congress, Ending Threat of US DefaultHedge Funds at War for Top Traders Dangle $120 Million PayoutsAmazon Is in Talks to Offer Free Mobile Service t  ( 7 min )

California’s homeowners are already bearing the brunt of devastating wildfires every summer. Now, it will be harder for them to find insurance companies willing to potentially cover the damages.  ( 8 min )

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The Wegmans supermarket chain is closing one of its largest and most unusual stores because it has not attracted enough business, the company said. The Natick, Massachusetts store will close on an undetermined date this summer, the Rochester, New York-based company said in a statement on Thursday. Making these decisions is never easy.  ( 6 min )

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Amazon.com is reportedly looking into entering mobile phone service, and telecom investors are feeling the pain. Bloomberg News reported Friday that the retailing giant has been talking with wireless carriers about offering low-cost or free mobile to Prime subscribers. Holders of traditional telec  ( 20 min )

Amazon.com Inc is in talks with wireless carriers Verizon Communications, T-Mobile US Inc and Dish Network Corp to offer low cost mobile services in the U.S., Bloomberg News reported on Friday. The discussions, which have been going on for six to eight weeks, have also included AT&T Inc at times, the report said, citing people familiar with the matter. Bloomberg News also said Amazon has been negotiating to get the lowest possible wholesale prices that would let it offer Prime members wireless plans for $10 a month or possibly for free.  ( 7 min )

Amazon.com Inc has been in talks with wireless carriers Verizon Communications, T-Mobile US Inc and Dish Network Corp to offer low cost mobile services in the U.S., a report by Bloomberg News said on Friday, citing sources familiar with the matter. Amazon.com Inc, Verizon and T-Mobile did not immediately respond to a Reuters request for comment.  ( 6 min )

A divorce is an unfortunate time in anyone's life, as it signifies the end of a likely long-term relationship and marriage. However, it's important to understand the financial ramifications of a divorce as you're going through one. So if you're … Continue reading → The post Is My Spouse Entitled to My Pension in a Divorce? appeared first on SmartAsset Blog.  ( 8 min )

Once a pension has vested, you should be entitled to keep those funds, even if you're fired. However, you aren't always entitled to all the money in your pension fund. In some cases, you might lose some, or even all, … Continue reading → The post Can You Lose a Vested Pension? appeared first on SmartAsset Blog.  ( 8 min )

Although 65 is a conventional retirement age, reaching this point with $2 million is quite a feat. This sum can generate investment and interest income to support you well in the decades to come. However, saving this amount takes effort. … Continue reading → The post Is $2 Million Enough to Retire at 65? appeared first on SmartAsset Blog.  ( 9 min )

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The stock could erase most of the 42% rise it has posted so far this year, if losses hold through regular trading. More than half of the 30 analysts covering the stock lowered their target prices, citing the longer deal cycles and waning demand from enterprise customers, who are holding back on new orders due to high inflation and rising interest rates. The median price target on the stock is now $18, which is 13% lower than its last closing price.  ( 7 min )

The latest amendment to a June 2022 lawsuit alleges two wallets controlled by Musk sold 1.4 billion Dogecoin when he used his social network to deliberately pump the price.  ( 8 min )

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Stocks rose on Friday morning as investors awaited the May jobs report.  ( 7 min )

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The electric-vehicle charging company reported a first-quarter per-share loss of 15 cents from $130 million in sales. Wall Street was looking for a 19 cents loss from $128 million in sales.  ( 22 min )

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(Bloomberg) -- 3M Co. faces an existential threat from lawsuits over allegedly cancer-linked “forever chemicals” that have leached into municipal water supplies, with the company’s liability possibly hitting $143 billion for cleanup alone. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Clears Congress, Ending Threat of US DefaultHedge Funds at War for Top Traders Dangle $120 Million PayoutsRich L  ( 9 min )

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Filings from Fidelity estimate that the company is worth one third what investors paid for their stakes.  ( 7 min )

Sales of recreational vehicles are way off their pandemic peak, but the industry won’t be in the breakdown lane for long.  ( 28 min )

Analysts have raced to boost their price targets on the chip maker’s stock after the company’s market value gained $650 billion since October.  ( 27 min )

Some customers reportedly experienced delays in transferring funds from the savings account to another bank account.  ( 8 min )

Ppportunities—and risks—abound after a tough couple of years.  ( 23 min )

Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at C3.ai, Chevron, Domino’s Pizza, and The Trade Desk. Wedbush upgraded C3.ai (NYSE:AI) to Outperform from Neutral and raised its price target to $50.00 from $24.00 following Q4 earnings, as InvestingPro reported in real time. Furthermore, Wedbush noted that the company is in a unique position to help lead the charge and monetize this looking ahead the next 12 to 18 months.  ( 7 min )

(Bloomberg) -- All around the world, a backlash is brewing against the hegemony of the US dollar.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireWall Street Banks Are Using AI to Rewire the World of FinanceBillionaire Perot Warns of Real Estate Recession as Loans Dry UpApple Plans Major Retail Push With New Stores Across China, USBrazil and China recently struck a deal to settle trade in their local currencies, s  ( 11 min )

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(Bloomberg) -- Australia’s largest pension fund AustralianSuper has frozen all future contracts with PricewaterhouseCoopers as it assesses the fallout of the embattled accounting firm’s tax advice scandal. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Clears Congress, Ending Threat of US DefaultWall Street Banks Are Using AI to Rewire the World of FinanceHedge Funds at War for Top Traders Dangle  ( 6 min )

The Dow moved up by more than 700 points after the Labor Department's stronger-than-expected jobs report.  ( 17 min )

A current account savings account is aimed at combining the features of savings and checking accounts to entice customers to keep their money in banks.  ( 21 min )

A careful look at data from nonpartisan sources suggests that any increases have been modest by historical standards.  ( 21 min )

Monthly tracking report for credit card interest rates from Investopedia's database of more than 300 cards. These are the current rates as of June 2023.  ( 23 min )

The Herrick Payoff Index tracks price, volume, and open interest to identify potential trends and reversals in futures and options contracts.  ( 20 min )

Reverse mortgages can provide supplemental income for retirees. Learn the biggest mistakes to avoid with a reverse mortgage.  ( 22 min )

Social media optimization (SMO) is the use of social media networks to manage and enhance an organization’s message and online presence.  ( 21 min )

High mortgage rates and elevated prices are keeping would-be homebuyers in New York out of the housing market.  ( 17 min )

If you’re thinking about leasing a new vehicle, here’s what you need to know about how car leases work and the fees that you can expect to pay in total.  ( 23 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

A transfer of physical assets (TPA) is involved when a HUD-insured loan is attached to a real estate transaction.  ( 24 min )

Markets rose after a strong jobs report and Senate passage of the debt ceiling bill, which will avoid a government default.  ( 16 min )

These inventions in the fields of finance, healthcare, technology, food, and energy have greatly improved our standard of living.  ( 21 min )

Why the Oracle of Omaha's approach to investing has served him well over the years.  ( 24 min )

A depository is a facility such as a building, office, or warehouse in which something is deposited for storage or safeguarding. Learn more about how they work.  ( 24 min )

A dormant account is a customer bank deposit that has seen no activity other than the posting of interest for a long period of time. Here's what happens to dormant accounts.  ( 22 min )

If you pay off your car loan early, you can typically save money on the total cost of the loan as you reduce the amount of interest you pay.  ( 24 min )

Cboe Global Markets said all of its listed stocks in the U.S. and Canada can now be traded at the Cboe’s other exchanges in the U.K. and the Netherlands, and later on its Australia site.  ( 16 min )

3M shares jumped following a report of a settlement over claims of water pollution from "forever chemicals."  ( 16 min )

These four professional organizations are among the most respected and well known among financial advisors.  ( 22 min )

Taking steps to improve poor credit standing is called credit repair. You can do your own credit repair, but it can be labor intensive and time consuming.  ( 23 min )

Learn who the top 10 billionaires in the world are and how they built their wealth.  ( 33 min )

Construction Occupancy Protection Exposure (COPE) is a set of risks property insurance underwriters evaluate when writing insurance policies.  ( 23 min )

American Express is more than just a popular credit card issuer; it offers competitive savings account rates, too. Learn more about saving money with Amex.  ( 18 min )

A savings account is an essential part of your financial toolbox. Learn about Ally Bank savings accounts and their rates and decide if they are a fit for you.  ( 19 min )

The cash-strapped U.S. Treasury today auctioned $15 billion in bills maturing in one day as it awaits a resolution to the debt-ceiling impasse.  ( 17 min )

Edmund Phelps is an American professor of political economy at Columbia University and winner of the 2006 Nobel Prize in Economics.  ( 19 min )

Amazon is said to be considering a free or discounted mobile service for its Prime members, in a move that could impact its customers and shareholders of wireless service providers.  ( 17 min )

If you can avoid these mistakes when house-hunting, you'll be more likely to find a home that suits both your feelings and your finances.  ( 29 min )

The valuation period is the time period during which value is determined for variable investment options.  ( 21 min )

A check is a written, dated, and signed draft that contains an order directing a bank to pay a definite sum of money to a payee. Learn how checks work.  ( 25 min )

Sovereign default is a failure by a government to repay its country's debts.  ( 25 min )

Here's why all or part of your 401(k) plan may not be accessible after your employment ends. In time, you may (or may not) receive all the funds.  ( 23 min )

A money-weighted rate of return is the rate of return that will set the present values of all cash flows equal to the value of the initial investment.  ( 22 min )

Holding period return is the total return received from holding an asset or portfolio of assets over a period of time, and is generally expressed as a percentage.  ( 23 min )

Markets soared midday on Friday following Senate passage of the debt ceiling bill and the Labor Department's jobs report showing more jobs were added to the economy than expected last month.  ( 16 min )

Online shoplifting is a type of theft involving dishonest chargebacks and piracy targeting online or ecommerce merchants.  ( 18 min )

Operating leverage can tell you a lot about a company and its future profitability, and the level of risk it offers to investors. Learn the pros and cons.  ( 24 min )

MongoDB's profit and sales exceeded analysts' forecasts and CEO Dev Ittycheria said the company is well positioned to gain from the AI boom.  ( 16 min )

Lululemon's earnings and revenue beat estimates as sales in China soared after COVID-19 restrictions were lifted.  ( 16 min )

A buying hedge is a transaction used by companies and investors to hedge against increases in the price of assets underlying a futures contract.  ( 19 min )

Private equity (PE) has gained a great amount of influence in today's financial marketplace. Check out what it is and how it operates.  ( 29 min )

A bid-ask spread is the amount by which the ask price exceeds the bid price for an asset in the market.  ( 24 min )

A report Friday sent contradictory signals about the job market, showing the economy was both gaining and losing jobs—thanks to a quirk in the way the government gathers data.  ( 17 min )

Inflation is the economic impact where the cost of goods and services rises. Learn how to hedge against inflation and mitigate the effects of inflation.  ( 25 min )

Rates on 30-year mortgages fell for a third day in a row. They're now more than a half percent below Friday's high, and at their lowest point in two weeks.  ( 19 min )

Speculation refers to the act of conducting a financial transaction that has substantial risk of losing value but also holds the expectation of a significant gain.  ( 24 min )

Can the U.S. government tighten its belt enough to dig itself out of debt? Here are options to reduce the national debt, beyond cutting spending and raising income taxes  ( 20 min )

The labor market once again blew past the expectations of economists—the consensus forecast called for only 188,000 jobs to be gained, according to Wells Fargo Securities.  ( 17 min )

You can open an offshore bank account to bank in another country, but the process can be take longer. Here's how opening an offshore bank account works.  ( 26 min )

It’s better to think long term than to panic and sell stock at a low during a downturn, but you need to have a strategy for different outcomes.  ( 26 min )

The Senate passed a bill Thursday night, averting a looming debt crisis and potential economic disaster.  ( 16 min )

ICE's Brent crude futures contract will reflect the addition of West Texas Intermediate crude oil to the basket of North Sea oil sources it uses to assess Brent prices, the benchmark for about 80% of global oil trades.  ( 18 min )

Real-time gross settlement is the continuous process of settling payments on an individual order basis without netting debits with credits.  ( 22 min )

The money you have stored on a mobile payment app may be at more risk than you think if the company providing it runs into financial trouble, the government’s consumer watchdog has warned.  ( 17 min )

The jobs report is expected to show a slowdown in hiring and the debt ceiling bill heads to the president's desk for signature. Here’s what investors need to know today.  ( 17 min )

Risk-weighted assets are used to determine the minimum amount of capital that must be held by a bank, by assigning risk levels to each type of asset.  ( 22 min )

A custodian bank is a financial institution that holds customers' securities in electronic or physical form to minimize the risk of theft or loss.  ( 25 min )

Markets rose after a strong jobs report and Senate passage of the debt ceiling bill, which will avoid a government default.  ( 1 min )

Cboe Global Markets said all of its listed stocks in the U.S. and Canada can now be traded at the Cboe’s other exchanges in the U.K. and the Netherlands, and later on its Australia site.  ( 1 min )

Markets soared midday on Friday following Senate passage of the debt ceiling bill and the Labor Department's jobs report showing more jobs were added to the economy than expected last month.  ( 1 min )

The jobs report is expected to show a slowdown in hiring and the debt ceiling bill heads to the president's desk for signature. Here’s what investors need to know today.  ( 1 min )

3M shares jumped following a report of a settlement over claims of water pollution from "forever chemicals."  ( 1 min )

Amazon is said to be considering a free or discounted mobile service for its Prime members, in a move that could impact its customers and shareholders of wireless service providers.  ( 1 min )

MongoDB's profit and sales exceeded analysts' forecasts and CEO Dev Ittycheria said the company is well positioned to gain from the AI boom.  ( 1 min )

Lululemon's earnings and revenue beat estimates as sales in China soared after COVID-19 restrictions were lifted.  ( 1 min )

Het Britse olie- en gasbedrijf BP en het British Museum zetten na 27 jaar een punt achter de sponsoring. Het museum maakt zich daarmee los van de fossiele industrie, wat campagnevoerders toejuichen.  ( 3 min )

Vanaf de zomer van 2024 rijden maandenlang geen Eurostar-treinen van Amsterdam naar Londen. Vanwege de verbouwing van Amsterdam Centraal is er geen ruimte meer voor de douane. Het kan elf maanden duren voordat de treinen weer rijden vanuit Amsterdam, schrijft staatssecretaris Vivianne Heijnen (Infrastructuur) in een Kamerbrief.  ( 3 min )

ING is vrijdagmiddag opnieuw door een storing getroffen. Klanten van de bank kregen geen toegang tot de app en internetbankieren. Daardoor konden zij niet bij hun bankrekening en dus geen geld overboeken. De bank meldt iets voor 17.00 uur aan NU.nl dat de problemen verholpen zijn.  ( 4 min )

Topman Sergio Ermotti van de Zwitserse bank UBS waarschuwt voor "pijnlijke" besluiten over het schrappen van banen na de overname van branchegenoot Credit Suisse.  ( 3 min )

Werknemers krijgen straks meer ruimte om hetzelfde werk bij een concurrent te doen als hun dienstverband erop zit. Op dit moment zitten ze soms ten onrechte vast door een concurrentiebeding. Dat zit de doorstroom op de arbeidsmarkt in de weg, vindt verantwoordelijk minister Karien van Gennip.  ( 5 min )

Terwijl landen met horten en stoten proberen hun CO2-uitstoot terug te dringen, blijft er grote onzekerheid over andere broeikasgassen. Het is onduidelijk of we de uitstoot van gassen als methaan wel genoeg kúnnen verminderen om de opwarming van de aarde te beperken tot 1,5 graden, blijkt uit nieuw onderzoek.  ( 6 min )

Bierbrouwer Heineken heeft vorige week posters en digitale afbeeldingen weggehaald nadat er klachten waren over de leeftijd van de modellen. Die leken veel jonger dan 25 jaar, en dat mag niet in reclames voor alcoholische drankjes.  ( 3 min )

ING is vrijdagmiddag opnieuw getroffen door een storing. Klanten van de bank krijgen geen toegang tot de app. Daardoor kunnen zij niet bij hun bankrekening en is het overboeken van geld onmogelijk.  ( 3 min )

De onrust onder het personeel van autofabriek VDL Nedcar in het Limburgse Born houdt aan. De werknemers leggen maandag opnieuw 24 uur lang het werk neer. Later in de week volgen meer acties.  ( 3 min )

China gaat een gat van meer dan 11 kilometer boren in de hoop daar meer fossiele energie te vinden. Zelden in de geschiedenis is er dieper geboord en voor de Chinezen is het zelfs een record.  ( 3 min )

Prijzen van basisvoedsel als graan, zuivel en palmolie zijn vorige maand verder gedaald. Daardoor staan ze nu op het laagste niveau sinds april 2021. Dit komt onder meer door de verlenging van de graandeal tussen Rusland en Oekraïne en een betere oogst. De lagere prijzen kunnen ertoe leiden dat we straks minder kwijt zijn in de supermarkt.  ( 4 min )

China gaat een gat van meer dan 11 kilometer boren in de hoop daar meer fossiele energie te vinden. Zelden in de geschiedenis is er dieper geboord en voor de Chinezen is het zelfs een record.  ( 3 min )

De VriendenLoterij en de Nationale Postcode Loterij hebben een dwangsom gekregen omdat ze online spellen aanbieden zonder dat ze daar de juiste vergunning voor hebben. De loterijen zijn zich van geen kwaad bewust en hebben bezwaar aangetekend.  ( 3 min )

Facebook-moederbedrijf Meta heeft een nieuwe virtualrealitybril (VR-bril) aangekondigd. Dankzij camera's aan de buitenzijde van de Meta Quest 3, kunnen dragers voor het eerst de echte wereld door een VR-bril bekijken. Zo kun je met de bril nu virtuele meubels en bordspellen zien.  ( 4 min )

Prijzen van basisvoedsel als graan, zuivel en palmolie zijn vorige maand verder gedaald. Dat komt onder meer door de verlenging van de graandeal tussen Rusland en Oekraïne en een betere oogst. De lagere prijzen kunnen ertoe leiden dat we straks minder kwijt zijn in de supermarkt.  ( 3 min )

Een meerderheid van de Amerikaanse senatoren heeft donderdag voor een verhoging van het schuldenplafond van de Amerikaanse overheid gestemd. Dit voorkomt dat de Verenigde Staten voor het eerst in de geschiedenis niet meer aan zijn betalingsverplichtingen kan voldoen.  ( 3 min )

The nation’s employers stepped up their hiring in May, adding a robust 339,000 jobs, well above expectations and evidence of strength in an economy that the Federal Reserve is desperately trying to cool. The unemployment rate rose to 3.7%, from a five-decade low of 3.4% in April. The stronger hiring demonstrates the job market's resilience after more than a year of rapid interest rate increases by the Fed. Many industries, from construction to restaurants to health care, are still adding jobs to keep up with consumer demand and restore their workforces to pre-pandemic levels.  ( 8 min )

Dell beat expectations despite continues macro headwinds. The company hinted that it is feeling more upbeat on the outlook for the 2023 second half.  ( 22 min )

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Electric truck maker Nikola Corp may execute a reverse stock split if its stock does not comply with Nasdaq's minimum bid price requirements within a certain period, its chief executive Michael Lohscheller said on Thursday. A reverse stock split consolidates the number of existing shares into fewer shares. Nikola, which closed at about 57 cents on Thursday, said last week it received a delisting notice from the stock exchange.  ( 6 min )

(Bloomberg) -- Broadcom Inc., one of the world’s biggest chipmakers, said that artificial intelligence spending is helping fuel sales, but not enough to offset a broader post-pandemic slowdown. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Passes the House, Easing US Default ConcernsWall Street Banks Are Using AI to Rewire the World of FinanceBillionaire Perot Warns of Real Estate Recession as L  ( 7 min )

The Energy Select Sector SPDR ETF is down about 16% from a multiyear peak in late 2022, and the SPDR S&P Metals & Mining ETF is down about 30%.  ( 23 min )

Some may hate a lot in the debt ceiling package, but economists say the plan's actually a good compromise that'll benefit everyone. Here's why.  ( 9 min )

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Tech stocks are racing past the broader market today. Traders are rushing to play the move higher. The recent rally has been marked by heavy activity in bullish options tied to tech. Nvidia call options hit one of the highest levels on record in recent sessions, as did activity in the Technology Se  ( 21 min )

Target continues to be in focus by market goers, now for a new reason.  ( 8 min )

Investors in the iPhone maker will be watching for any exciting business updates during the Apple's Worldwide Developers Conference next week.  ( 22 min )

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The AI software play's shares have been fluctuating wildly. But the CEO says the path ahead looks great.  ( 22 min )

(Bloomberg) -- 3M Co., DuPont de Nemours Inc. and other makers of per-and polyfluoroalkyl substances, or PFAS, have agreed to pay more than $100 million to resolve a Georgia city’s lawsuit claiming the chemicals polluted its drinking water, according to a person familiar with the matter.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireWall Street Banks Are Using AI to Rewire the World of FinanceDebt-Limit Deal Pas  ( 8 min )

Ford Motor Co sued Blue Cross Blue Shield Association in U.S. court on Wednesday, accusing it of a price-fixing conspiracy that caused the automaker to pay inflated costs for health insurance products for its employees. The lawsuit Ford filed in Detroit federal court accused the insurer and its regional Michigan branch of unlawfully dividing up parts of the country in a scheme to reduce competition with each other in order to drive "astronomical profits." The allegations from Ford, employing more than 170,000 workers worldwide, relate to a $2.7 billion settlement that Blue Cross Blue Shield Association and its three dozen member companies reached in 2020 with corporate and individual policy holders in Alabama federal court.  ( 7 min )

Palantir Technologies Inc (NYSE: PLTR) stock grabbed eyeballs since its first-quarter beat and, more recently, with its collaboration with the Ukraine Ministry to support the defense and reconstruction of the country. The software company and cloud solutions provider will host its AI day on Thursday. The Thursday session volume surged to 46 million vs. the 100-day average of 51 million. However, Bear Cave slammed the software and cloud solutions provider co-founded by Peter Thiel and backed by t  ( 7 min )

Sir Rod Stewart has abandoned a deal to seal his 60-year career in music by selling his song catalogue after negotiations with a controversial industry mogul turned sour.  ( 9 min )

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Vanguard Group, the world's largest issuer of mutual funds, was fined and censured by the Financial Industry Regulatory Authority (FINRA) for errors appearing in about 8.5 million customer account statements. FINRA, Wall Street's self-regulatory organization, said in a filing signed last month by representatives of both parties that Vanguard overstated projected yield and projected annual income for nine money market funds from November 2019 to September 2020. "From at least October 2019 to June 2021, certain VMC account statements inaccurately presented market appreciation/depreciation and investment returns," the filing said.  ( 6 min )

The student loan pause was the first break for millennials since they graduated into the Great Recession. Now, they're bracing for payments to restart.  ( 8 min )

(Bloomberg) -- Shares of Rivian Automotive Inc., the money-losing electric vehicle startup, may get pushed out of the Nasdaq 100 Index as early as this month after plunging more than 90% from their record high, according to JP Morgan Securities.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Passes the House, Easing US Default ConcernsWall Street Banks Are Using AI to Rewire the World of FinanceBi  ( 7 min )

Warren Buffett and Jim Cramer are talented in their own right. One is an investing legend who has helped Berkshire Hathaway Inc. shareholders generate extraordinary returns for decades. The other is the charismatic host of “Mad Money” on CNBC who has made numerous intriguing stock picks, to the extent that there are now exchange-traded funds (ETFs) designed both in favor of and against his recommendations. If you want to follow Buffett’s coattails, you can check out Berkshire Hathaway (NYSE: BRK  ( 9 min )

J.P. Morgan analyst Christopher Horvers downgraded his rating on Target to Neutral from Overweight and cut his price target.  ( 22 min )

In a dispute about the pressure that organized labor can exert during a strike, the Supreme Court ruled Thursday against unionized drivers who walked off the job with their trucks full of wet concrete. The lone dissenter in the case, Justice Ketanji Brown Jackson, said the ruling would hinder the development of labor law and “erode the right to strike." Justice Amy Coney Barrett, writing for the majority, said the union failed to take reasonable precautions to protect the company's concrete when the drivers went on strike.  ( 7 min )

Generative AI has been a popular investment theme this year.  ( 22 min )

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Some customers with Apple savings accounts, which are a partnership with Goldman Sachs, say it has taken weeks to withdraw money.  ( 28 min )

Chief Executive Dave Calhoun explains why he isn't worried about ceding market share to rival Airbus.  ( 22 min )

The main piece of this week involved the debt ceiling deal reached by the White House and House Speaker Kevin McCarthy. The deal has passed the House and now awaits approval in the Senate for the US to avoid a default. The chances of it passing are good, says Raymond James CIO Larry Adam, who is “generally optimistic about the passage of the deal,” while also noting that the “reduction in uncertainty will be a net positive for the equity market. In any case, Adam notes that through the whole deb  ( 10 min )

After a three-year pause, borrowers will have to make monthly payments again starting Aug. 30.  ( 27 min )

(Bloomberg) -- In case there was any doubt, the lower-income US consumer is in full retreat.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Passes the House, Easing US Default ConcernsS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapBillionaire Perot Warns of Real Estate Recession as Loans Dry UpDollar General Corp.’s shares plunged the most since August 2016 after the discount retailer s  ( 8 min )

The money manager sent statements with incorrect information about fund yields and income, according to the Financial Industry Regulatory Authority.  ( 28 min )

Salesforce has a mixed quarter, leading to some mixed responses by Wall Street  ( 10 min )

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Big Tech valuations look reasonable when you factor in how quickly the powerhouse companies are growing earnings.  ( 22 min )

First came Bud Light. Then Target. Now more companies are facing potential pushback from a segment of customers unhappy with their embrace of the LGBTQ community.  ( 22 min )

A "nest egg" generally refers to retirement savings that you typically don't touch until you retire. It's the money you save for the future so that you have something to fall back on when you retire. Oftentimes, growing your nest … Continue reading → The post What Is a Nest Egg for Retirement? appeared first on SmartAsset Blog.  ( 10 min )

Retiring at 50 is a lofty goal that gives you plenty of time to pursue all the projects you couldn't get to in your career and make memories with friends and family. However, leaving the workforce 12 years before you … Continue reading → The post Is $5 Million Enough to Retire on at 50? appeared first on SmartAsset Blog.  ( 10 min )

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Stocks rose Thursday after the House passed a bill to extend the U.S. debt limit.  ( 8 min )

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J.P. Morgan downgraded its rating on the shares to Neutral from Overweight and its target price to $85 from $95.  ( 22 min )

The retailer's first-quarter earnings of $2.34 per share were slightly shy of the $2.38 per share analysts expected.  ( 22 min )

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(Bloomberg) -- The unwinding of the blank-check stock frenzy, one of the hottest pandemic-era trends on Wall Street, is playing out its last act on a different stage: the courtroom. Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthDebt-Limit Deal Passes the House, Easing US Default ConcernsS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapElon Musk Again World’s Richest Person as Arnault’s LVMH SinksBillionaire Perot Warns of Real Estate Recession as Loans  ( 9 min )

Following Arnault’s buyout of Boussac, the billionaire fired 9,000 people working for the company, sold off most of the group’s assets (except the Dior brand), and earned the nickname “the Terminator.”  ( 8 min )

Macy's slashed its outlook for the entire year with sales weakening sales in the first quarter during an increasingly challenging economic environment, including stubbornly high inflation. Shares tumbled more than 10% before the opening bell Thursday and dragged other retailers down as well. Macy's reported net income of $155 billion, or 56 cents per share, far short of the 45 cents Wall Street was looking for, and a significant decline from the $286 million earned during the same period last year.  ( 6 min )

Chief Executive Dave Calhoun explains why he isn't worried about ceding market share to rival Airbus.  ( 22 min )

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Boeing Co CEO Dave Calhoun downplayed speculation that China's maiden commercial flight of its domestically produced C919 narrowbody jet could foreshadow the end of the duopoly currently held by the U.S. planemaker and its European rival Airbus SE. On Sunday, China Eastern Airlines flew a C919 filled with passengers from Shanghai to Beijing - a milestone for manufacturer Commercial Aviation Corp of China (COMAC). Calhoun said the C919 is a "good airplane," but it will take a "long while" for COMAC to build the production capacity needed to meet Chinese airlines' demand.  ( 8 min )

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OPEC and its allies are unlikely to deepen supply cuts at their ministerial meeting on Sunday despite a fall in oil prices toward $70 per barrel, four sources from the alliance told Reuters. OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies led by Russia, pumps around 40% of the world's crude and supplies around 60% of the oil export market, meaning its policy decisions can have a major price impact. As the economic outlook worsened, several members of OPEC+ in April pledged voluntary cuts starting from May and to continue to the end of the year.  ( 8 min )

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The billionaire Virgin founder shared his top advice for budding founders.  ( 8 min )

U.S. President Joe Biden's 2020 campaign promise to make wealthy Americans and corporations pay more in taxes to finance a range of social priorities breathed its last gasp, at least for this presidential term, with the debt ceiling deal he struck with Republicans on Saturday. The deal to cap discretionary spending and suspend the debt ceiling contains no tax rate changes to raise revenue; it also slashes new funding Biden had allocated to the hollowed-out Internal Revenue Service.  ( 8 min )

There’s really no hiding from AI anymore. Even if you don’t work with it professionally, chances are that AI has powered your search engine use, or you’ve at least tinkered with a chatbot like ChatGPT. Beyond that, AI is behind the targeted ads that we see on social media or Google; it tracks our internet and social media use, and selects ads accordingly. What this means for the future – of computing, of statistics, of data analysis, of marketing and advertising – hasn’t yet come fully into focu  ( 11 min )

What's moving most in the stock market today.  ( 23 min )

(Bloomberg) -- A lopsided trade relationship with India is forcing Russia to accumulate up to $1 billion each month in rupee assets that remain stranded outside the country, swelling the stockpile of capital it’s amassed abroad since the invasion of Ukraine.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthDebt-Limit Deal Passes the House, Easing US Default ConcernsS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapElon Musk Again World’s Richest Person as A  ( 9 min )

Wall Street expects revenue to grow 7% year over year in the latest quarter.  ( 22 min )

Despite a meteoric rise in recent months, the valuations of big tech stocks appear reasonable when you factor in how quickly they are growing earnings.  ( 22 min )

(Bloomberg) -- Stocks in Asia were broadly higher in choppy trading as the House passed a deal to avert US default and investors weighed the prospect of a pause in rate hikes from the Federal Reserve this month.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into Earth’s CrustS&P 500 Almost Wipes Out Its Monthly Advance: Markets WrapDebt-Limit Deal Wins House Passage, Easing US Default ConcernsHedge Funds Are Deploying ChatGPT to Handle All the Grunt WorkElon Musk Again World’  ( 8 min )

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Saying ‘insider trading’ conjures up images of smoky back rooms and shady deals, but that’s only for the movies. In real life, insiders refer to corporate officers, such as CEOs, CFOs, COOs, and directors, who are responsible for running their companies profitably. They don’t take trading their own companies’ stocks lightly. While they may sell for various reasons, they only buy when they anticipate a rise in the share price. That makes the insiders’ trading moves one of the surest signs that in  ( 10 min )

Oil prices dipped in early trade on Thursday for the third straight session after data showed an unexpected, large build in U.S. crude stocks last week, triggering fears of an oversupply amid signs of weaker Chinese demand, too. Brent crude futures for August delivery fell 40 cents, or 0.6% to $72.20 a barrel by 0023 GMT, while U.S. West Texas Intermediate crude (WTI) eased 39 cents, or 0.6%, to $67.70 a barrel. U.S. crude oil inventories rose by about 5.2 million barrels last week, according to market sources citing American Petroleum Institute figures on Wednesday.  ( 7 min )

A telegraphic transfer (TT) is an electronic method of transferring funds used primarily for overseas wire transactions.  ( 22 min )

See what today's top nationwide rate is for every CD term, and how it compares to the previous business day's top rate. We collect data from more than 200 financial institutions.  ( 18 min )

Iridium is a rare and expensive corrosion-resistant metal. Discover why iridium is used in the manufacture of aircraft, spark plugs, and tech devices.  ( 20 min )

The Dow Jones Industrial Average moved higher by more than 0.5%, or 153 points, as investors celebrated the House of Representatives passage of the debt-ceiling bill, which now goes to the Senate.  ( 16 min )

The banking sector is an essential part of the U.S. and world economies, safeguarding assets and supplying credit to individuals and businesses.  ( 24 min )

A fixed interest rate remains the same for a loan's entire term, making long-term budgeting easier. Some loans combine fixed and variable rates.  ( 23 min )

Markets gained on Thursday, June 1, 2023 as bipartisan plan to raise the debt ceiling advances in Congress.  ( 16 min )

Dollar General profit, sales miss estimates as inflation hits customer spending, sending shares lower.  ( 16 min )

Section 12D-1 and its exemptions under the Investment Company Act of 1940 provide rules and limits on how investment funds can invest in each other.  ( 20 min )

The price of one currency compared to another is not necessarily an indication of wealth, power, or strength.  ( 26 min )